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Windfall Geotek ( (TSE:WIN) ) has shared an update.
Windfall Geotek has announced a non-brokered private placement of up to 25,000,000 units at $0.02 per unit, aiming to raise a maximum of $500,000. The proceeds will be used for working capital and debt settlement, excluding certain officer salaries and investor relations payments. This move is part of Windfall Geotek’s strategy to enhance its financial position and continue its focus on AI-driven exploration, potentially impacting its market positioning and stakeholder interests.
More about Windfall Geotek
Windfall Geotek is a services company specializing in the use of Artificial Intelligence (AI) since 2005, primarily in the mining sector for digital exploration. The company is a pioneer in AI-driven exploration, focusing on identifying high-potential mineral targets and expanding its applications to areas like landmine detection. It boasts a multidisciplinary team with expertise in geophysics, geology, AI, and mathematics.
Average Trading Volume: 209,427
Technical Sentiment Signal: Sell
Current Market Cap: C$4.69M
For an in-depth examination of WIN stock, go to TipRanks’ Overview page.