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Providence Gold Mines Inc ( (TSE:PHD) ) has issued an update.
Providence Gold Mines Inc. announced that it has received a 30-day extension from the TSX Venture Exchange for its private placement initiative. The extension will allow the company to secure up to $1,700,000 CAD, which will be used to evaluate a new gold surface discovery and fund a significant drilling program targeting historical gold-rich shafts. This initiative underscores the company’s commitment to exploring potential high-grade gold targets, which could enhance its industry positioning and offer substantial returns to stakeholders.
More about Providence Gold Mines Inc
Providence Gold Mines Inc. operates in the mining industry, focusing on gold exploration and development. The company is engaged in projects that aim to discover and evaluate significant gold deposits, with a market emphasis on high-grade gold targets.
YTD Price Performance: 0.0%
Average Trading Volume: 28,659
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$1.73M
Find detailed analytics on PHD stock on TipRanks’ Stock Analysis page.
