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Earthworks Industries ( (TSE:EWK) ) has shared an update.
Earthworks Industries Inc. has announced a non-brokered private placement financing to raise $300,000 by selling 5,000,000 units at $0.06 per unit. The proceeds will be used to cover current expenses and legal costs associated with defending the legal status of the Cortina lease. The company is actively challenging an order by the U.S. Department of the Interior’s Interior Board of Indian Appeals, which seeks to cancel the lease with the Kletsel Dehe Wintun Nation.
More about Earthworks Industries
Earthworks Industries Inc. operates in the waste management industry, with a focus on integrated waste management solutions through its wholly owned U.S. subsidiary, Cortina Integrated Waste Management Inc. (CIWM).
Average Trading Volume: 343,332
Technical Sentiment Signal: Sell
Current Market Cap: C$9.8M
For an in-depth examination of EWK stock, go to TipRanks’ Overview page.