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Western Gold Exploration Ltd. ( (TSE:WGLD) ) has provided an update.
Western Gold Exploration Ltd. announced a non-brokered private placement to raise up to CAD$1,000,000 by issuing equity units at CAD$0.07 per unit. The proceeds will be used for exploration drilling programs and general expenses, pending TSX Venture Exchange approval, potentially impacting the company’s exploration capabilities and market positioning.
More about Western Gold Exploration Ltd.
Western Gold Exploration Ltd. is a mineral exploration company listed on the TSX Venture Exchange under the symbol ‘WGLD’. The company focuses on exploring mineral properties in Scotland, particularly targeting the underexplored Caledonian Appalachian region to identify gold and critical metal deposits. Its principal focus is the Lorne Project, which includes the Lagalochan copper gold porphyry property in Argyll, Scotland.
YTD Price Performance: 75.00%
Average Trading Volume: 26,004
Technical Sentiment Signal: Buy
Current Market Cap: C$3.39M
For detailed information about WGLD stock, go to TipRanks’ Stock Analysis page.