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An announcement from Western Exploration Inc ( (TSE:WEX) ) is now available.
Western Exploration Inc. has announced a brokered private placement agreement with Red Cloud Securities Inc. to raise between C$2.1 million and C$4.4 million through the sale of units consisting of shares and warrants. The proceeds will be used for the exploration and advancement of the Aura Project in Nevada, as well as for general corporate purposes and working capital. This move is expected to bolster the company’s operations and strengthen its position in the precious metals industry.
The most recent analyst rating on (TSE:WEX) stock is a Buy with a C$2.67 price target. To see the full list of analyst forecasts on Western Exploration Inc stock, see the TSE:WEX Stock Forecast page.
More about Western Exploration Inc
Western Exploration is a company focused on advancing the Aura Project, which is located in Nevada and includes three unique gold and silver deposits: Doby George, Gravel Creek, and Wood Gulch. The company aims to become North America’s premiere gold and silver development company, leveraging its experienced team of precious metals experts.
Average Trading Volume: 34,312
Technical Sentiment Signal: Sell
Current Market Cap: C$39.07M
For a thorough assessment of WEX stock, go to TipRanks’ Stock Analysis page.