Tuktu Resources Expands with New Funding and Farm-In

Jasper Mining Corporation (TSE:TUK) has released an update.

Tuktu Resources Ltd. has launched a brokered private placement aiming to raise $2 million through the sale of 40 million units, with additional funding options available via an agent’s offer. The proceeds are earmarked for working capital and development projects, including oil asset enhancements, and are part of a broader strategy involving a farm-in agreement that offers the company a significant working interest in undeveloped lands in Southern Alberta’s deep basin. This strategic initiative positions Tuktu to solidify its presence in the region and is contingent upon the successful completion of a pending acquisition.

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