Visible Gold Mines (TSE:VGD) has released an update.
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Visible Gold Mines has successfully closed a private placement, raising $150,000 through the issuance of 2 million units at $0.075 each. The proceeds will support general administrative activities and exploration of their mining properties in Québec. CEO Martin Dallaire’s participation in this transaction increases his stake to 14.14% of the company’s common shares.
For further insights into TSE:VGD stock, check out TipRanks’ Stock Analysis page.