AFR NuVenture Resources Inc (TSE:AFR) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
AFR NuVenture Resources Inc. is set to raise up to $180,038 through a non-brokered private placement of its shares at $0.01 each, with the potential issuance of 18,038,681 shares upon successful completion. Proceeds from this placement will primarily fund general administrative expenses, including salaries and rent, with the offering also featuring finder’s fees and warrants for participants. Shareholders have the opportunity to participate, with the offering being partially backstopped by company management and directors.
For further insights into TSE:AFR stock, check out TipRanks’ Stock Analysis page.