Recharge Resources Ltd ( (TSE:RR) ) has issued an update.
Recharge Resources Ltd. has successfully closed a non-brokered private placement, raising $888,300.07 through the issuance of 12,690,001 units at $0.07 per unit. Each unit comprises one common share and a warrant, allowing the purchase of an additional share at $0.10 for three years. The funds will support the company’s exploration program and general corporate purposes. The offering included significant insider participation, which was structured as a related party transaction under regulatory exemptions.
More about Recharge Resources Ltd
Recharge Resources Ltd. operates in the energy sector, focusing on exploration programs and related services. The company is involved in activities that support the development and management of energy resources, catering to market needs in renewable and sustainable energy solutions.
YTD Price Performance: 216.67%
Average Trading Volume: 48,576
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$4.83M
Find detailed analytics on RR stock on TipRanks’ Stock Analysis page.