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The latest update is out from 79 Resources Ltd ( (TSE:SK) ).
Rottenstone Gold Inc. has announced a non-brokered financing initiative involving up to 1,000,000 common share units priced at $0.055 per unit. Each unit includes one common share and a warrant allowing the purchase of an additional share at $0.07 within 36 months. The proceeds will be used for near-term working capital, and the financing is subject to regulatory approvals and legal holding periods. This strategic move could bolster the company’s financial resources, potentially enhancing its mining projects and stakeholder value.
More about 79 Resources Ltd
Rottenstone Gold Inc. is a Vancouver-based junior mining exploration company, focused on the Rottenstone Project in Saskatchewan and the Five Point Project in British Columbia. It is listed on the Canadian Securities Exchange under the symbol ‘SK’.
YTD Price Performance: 0%
Average Trading Volume: 9,715
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$2.75M
Find detailed analytics on SK stock on TipRanks’ Stock Analysis page.