The latest update is out from Sanu Gold Corp. ( (TSE:SANU) ).
Sanu Gold Corp. has announced an increase in its non-brokered private placement to C$12 million, led by Montage Gold and the Lundin Family, who will maintain significant equity interests in the company. The funds raised will be used to enhance exploration activities in Guinea, including expanding drilling programs and potentially acquiring new exploration permits, thereby strengthening Sanu Gold’s operational capabilities and market position.
More about Sanu Gold Corp.
Sanu Gold Corp. operates in the gold exploration industry, focusing on high-quality gold exploration permits in Guinea, West Africa. The company is located within the Siguiri Basin, a renowned gold district, and aims to discover multi-million ounce gold deposits. Sanu Gold is managed by an experienced team with a strong track record in discovery, resource development, and mine permitting.
YTD Price Performance: 55.00%
Average Trading Volume: 610,595
Technical Sentiment Signal: Sell
Current Market Cap: C$118.9M
For a thorough assessment of SANU stock, go to TipRanks’ Stock Analysis page.