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Quartz Mountain Resources ( (TSE:QZM) ) has shared an update.
Quartz Mountain Resources Ltd. has announced a plan to raise $4.2 million through an equity financing initiative involving the issuance of 10 million units, each consisting of a common share and a warrant. The proceeds from this financing will be used to further explore their gold-silver-copper projects in British Columbia and for general working capital. The financing includes flow-through units for tax benefits and involves transactions with insiders, necessitating compliance with specific regulatory exemptions. The move is expected to bolster the company’s operational capabilities in the Canadian mineral exploration sector.
More about Quartz Mountain Resources
Quartz Mountain Resources Ltd. operates in the mining industry, focusing on the exploration and development of gold, silver, and copper projects. The company is primarily engaged in exploring mineral projects in British Columbia, Canada.
YTD Price Performance: 15.91%
Average Trading Volume: 21,927
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$30.02M
Find detailed analytics on QZM stock on TipRanks’ Stock Analysis page.
