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The latest announcement is out from Phenom Resources Corp ( (TSE:PHNM) ).
Phenom Resources Corp. is undertaking a non-brokered private placement to raise up to $1,350,000 by issuing 5,400,000 units. Each unit consists of one common share and one warrant, allowing purchase of an additional share at $0.35. The funds will be directed toward exploration work and general capital, with a potential 11% over-allotment for additional funding. Certain directors and officers may participate, considered a related party transaction, but exempt from formal valuation and minority shareholder approval due to limited market impact. The offering is subject to regulatory approvals and securities issued will have a hold period of four months.
More about Phenom Resources Corp
Phenom Resources Corp. is a mining company with a 100% interest in the Carlin Gold-Vanadium Project, located near Carlin, Nevada. The project hosts the Carlin Vanadium deposit, recognized as North America’s largest and highest-grade primary vanadium resource.
YTD Price Performance: -19.35%
Average Trading Volume: 77,830
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$26.28M
For detailed information about PHNM stock, go to TipRanks’ Stock Analysis page.
