Ubique Minerals Ltd. (TSE:UBQ) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Ubique Minerals Ltd. is expanding its stake in the mining sector by acquiring a majority share of Resource 500 V Limited, a company with mineral exploration interests in Namibia. The acquisition will increase Ubique’s shares from 533 to a controlling 99.66%. To finance the deal, Ubique will issue C$1.5 million in convertible debentures, adding a strategic asset to its portfolio.
For further insights into TSE:UBQ stock, check out TipRanks’ Stock Analysis page.