Archer Exploration Corp (TSE:RCHR) has released an update.
Archer Exploration Corp., soon to be NorthX Nickel Corp., has announced a strategic financial move involving a non-brokered private placement aiming to raise $2.275 million through the issuance of units comprising shares and warrants. In conjunction with this fundraising, the company will undergo a share consolidation and anticipates trading under the new ticker symbol ‘NIX’ post-approval. The proceeds will support ongoing reclamation efforts and general corporate activities, with the share consolidation set to streamline the company’s capital structure.
For further insights into TSE:RCHR stock, check out TipRanks’ Stock Analysis page.
