Silicon Metals Corp. Announces $950,000 Private Placement to Boost BC Projects

West Oak Gold Corp. ( (TSE:SI) ) has provided an update.

Silicon Metals Corp. has announced a non-brokered private placement offering of up to 19 million shares at $0.05 per share, aiming to raise up to $950,000. The proceeds will be used for advancing its projects in British Columbia and for general working capital, subject to Canadian Securities Exchange approval. This move is expected to bolster the company’s operational capabilities and strengthen its position in the exploration industry.

More about West Oak Gold Corp.

Silicon Metals Corp. is a company focused on exploration in western Canada, particularly in British Columbia. It holds a 100% interest in the Ptarmigan Silica Project, Silica Ridge Silica Project, and Longworth Silica Project, and has an option to explore the Hedge Hog Project.

YTD Price Performance: -25.00%

Average Trading Volume: 54,461

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$1.17M

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