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The latest update is out from Westmount Minerals Corp. ( (TSE:WMC) ).
Westmount Minerals Corp. has announced a non-brokered private placement of up to 25 million common shares at C$0.01 per share, aiming to raise up to C$250,000. The proceeds will be used for general working capital and corporate expenses. The offering will proceed without shareholder approval, as the company is utilizing a financial hardship exemption due to being in serious financial difficulty, and the independent directors have deemed it in the company’s best interests.
More about Westmount Minerals Corp.
Westmount Minerals Corp. operates within the mining industry, focusing on the exploration and development of mineral properties. The company primarily deals in the acquisition and management of mining assets, aiming to capitalize on opportunities within the mineral market.
YTD Price Performance: 100.0%
Average Trading Volume: 88,644
Technical Sentiment Consensus Rating: Sell
For an in-depth examination of WMC stock, go to TipRanks’ Stock Analysis page.