Troubadour Resources Initiates Dual Private Placements

Troubadour Resources (TSE:TR) has released an update.

Troubadour Resources Inc. has launched two separate private placement offerings, aiming to raise a total of approximately $3.5 million. The first offering consists of over 7.5 million common shares at $0.125 each, while the second includes up to 20.4 million units, each unit comprising one share and a half warrant, with full warrants allowing the purchase of additional shares at $0.175 within 24 months of issuance. The company plans to allocate the net proceeds to fieldwork at its exploration projects and for general corporate needs.

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