Sierra Madre Secures $500K in Private Placement

Sierra Madre Gold & Silver Ltd. (TSE:SM) has released an update.

Sierra Madre Gold & Silver Ltd. has successfully completed a private placement, raising $500,000 through the sale of 1.25 million shares at $0.40 each. The funds are earmarked for marketing and general working capital purposes, while the placement awaits final approval from the TSX Venture Exchange.

For further insights into TSE:SM stock, check out TipRanks’ Stock Analysis page.