The latest update is out from AFR NuVenture Resources Inc ( (TSE:AFR) ).
AFR NuVenture Resources Inc. has successfully closed a non-brokered private placement, raising $41,000 through the issuance of 1,171,430 common shares at $0.035 per share. The funds were used to make an initial payment for acquiring the Massey Nickel/Copper property in Timmins, Ontario. Insiders acquired all shares, constituting a related party transaction, but no new control person was created. The company is also planning summer drilling programs at the Massey property and the Mary Ann’s Lake Copper/Silver project in Nova Scotia, with permits underway and potential eligibility for a $100,000 grant. The exploration program at Mary Ann’s Lake benefits from historic surveys and aims to test mineralization similar to the former Stirling mine.
More about AFR NuVenture Resources Inc
YTD Price Performance: 50.0%
Average Trading Volume: 46,855
Technical Sentiment Signal: Sell
Current Market Cap: C$691.2K
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