Phenom Resources Corp (TSE:PHNM) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Phenom Resources Corp. is launching a non-brokered private placement to raise up to $1,125,000 through the sale of units at $0.45 each, which includes a common share and a warrant, with an over-allotment option to increase the issue size by 10%. The funds raised will support work programs on the company’s exploration properties and general working capital. The offer targets qualified purchasers with securities subject to a four-month holding period and requires regulatory approvals, including that of the TSX Venture Exchange.
For further insights into TSE:PHNM stock, check out TipRanks’ Stock Analysis page.
