The latest announcement is out from Rackla Metals ( (TSE:RAK) ).
Rackla Metals Inc. successfully completed a non-brokered private placement financing, raising approximately $2.99 million. The funds will be used for exploration and drilling activities on the company’s Tombstone Gold Belt properties and for investigating additional mineral property acquisitions. The financing involved issuing charity flow-through units and hard-dollar units, with proceeds to be used for Canadian exploration expenses and general corporate purposes. The transaction, involving related parties, is subject to TSX Venture Exchange approval.
More about Rackla Metals
Rackla Metals Inc. is a Vancouver-based junior gold exploration company focusing on Reduced Intrusion-Related Gold Systems (RIRGS) mineralization in the Tombstone Gold Belt, located in eastern Yukon and western Northwest Territories. The company aims to explore this underexplored area for potential RIRGS deposits.
YTD Price Performance: 127.27%
Average Trading Volume: 192,979
Technical Sentiment Signal: Sell
Current Market Cap: C$27.97M
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