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The latest announcement is out from Turmalina Metals Corp ( (TSE:TBX) ).
Turmalina Metals Corp has successfully closed a non-brokered private placement offering, raising $5 million through the issuance of 100,000,000 common shares at $0.05 per share. The proceeds will be used for ongoing property costs and general working capital. The offering included participation from company insiders, and the company plans to change its name to King Copper Discovery Corp, with a new trading symbol ‘KCP’.
More about Turmalina Metals Corp
Turmalina Metals Corp is a TSXV-listed exploration company focused on developing high-quality gold-copper-silver projects in South America. The company is led by a team with a track record of multiple discoveries in these minerals.
YTD Price Performance: 125.00%
Average Trading Volume: 149,968
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $8.57M
Learn more about TBX stock on TipRanks’ Stock Analysis page.