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.
Lavras Gold Corp ( (TSE:LGC) ) has issued an announcement.
Lavras Gold Corp. has successfully closed a public offering, raising C$15 million through the sale of 6,819,500 common shares at C$2.20 each. The offering, managed by Paradigm Capital Inc. and Canaccord Genuity among others, was conducted in Canada and via private placements in the U.S. and offshore. This influx of capital is expected to support the company’s ongoing exploration efforts in Brazil and potentially bolster its market position in the gold exploration sector.
More about Lavras Gold Corp
Lavras Gold Corp. is a Canadian exploration company dedicated to developing a promising gold district in southern Brazil. The company’s primary focus is the Lavras do Sul Project in Rio Grande do Sul State, which is an intrusive hosted gold system possibly of alkaline affinity. The project encompasses approximately 23,000 hectares and includes over 24 identified gold prospects centered on historic gold workings.
YTD Price Performance: -11.67%
Average Trading Volume: 39,174
Technical Sentiment Consensus Rating: Sell
For detailed information about LGC stock, go to TipRanks’ Stock Analysis page.
