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Kingsmen Resources ( (TSE:KNG) ) has issued an announcement.
Kingsmen Resources Ltd. has announced a non-brokered private placement financing to raise up to $3,003,750 by issuing 2,225,000 units at $1.35 per unit. The funds will be used to advance its Las Coloradas Silver/Gold project in Mexico and for working capital. This move is expected to strengthen the company’s financial position and support its ongoing exploration activities in a region known for high-grade deposits.
More about Kingsmen Resources
Kingsmen Resources is a mineral exploration company focused on advancing its 100% held projects, the Las Coloradas silver/gold project and Almoloya gold/silver project located in the prolific mining district of Parral, Mexico. The projects host historic high-grade silver mines and are considered prospective for further precious metal deposits. The company also holds a 1% NSR on the La Trini claims, part of the Los Ricos North project operated by GoGold Resources Inc. Kingsmen is publicly traded and headquartered in Vancouver, British Columbia.
Average Trading Volume: 31,828
Technical Sentiment Signal: Buy
Current Market Cap: C$39.02M
Find detailed analytics on KNG stock on TipRanks’ Stock Analysis page.