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KWG Resources ( (TSE:CACR) ) just unveiled an announcement.
KWG Resources Inc. has successfully closed the first tranche of its private placement, issuing 211,552 units at $1.04 each, for proceeds of $220,014. The funds will be used for the company’s operational costs and to further its exploration and development activities. This move is expected to bolster KWG’s position in the mineral exploration sector, particularly in chromite and base metals, while enhancing its financial stability and capacity for future growth.
More about KWG Resources
KWG Resources Inc., operating as The Canadian Chrome Company, is engaged in the acquisition, exploration, evaluation, and development of large-scale mineral deposits, focusing specifically on chromite and other base metals and minerals. The company aims to expand its market presence through strategic investments in mineral-rich territories.
YTD Price Performance: 100.0%
Average Trading Volume: 408,126
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$25.59M
Find detailed analytics on CACR stock on TipRanks’ Stock Analysis page.
