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Magna Terra Minerals Inc ( (TSE:MTT) ) has provided an update.
Magna Terra Minerals Inc. has successfully completed its second and final closing of a non-brokered flow-through private placement, securing total gross proceeds of $500,000. This funding will be allocated to Canadian exploration expenses related to the company’s mineral exploration projects, specifically the Humber and Rocky Brook Projects. Notably, company insiders participated in the offering, showing significant investment in the company’s future prospects.
More about Magna Terra Minerals Inc
Magna Terra Minerals Inc. operates within the mining industry, focusing on mineral exploration projects. The company is primarily engaged in exploring critical mineral deposits, with recent activities centering on projects in Newfoundland and New Brunswick.
YTD Price Performance: 87.50%
Average Trading Volume: 229,966
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$7.28M
For a thorough assessment of MTT stock, go to TipRanks’ Stock Analysis page.
