The latest update is out from Kingsmen Resources ( (TSE:KNG) ).
Kingsmen Resources announced a non-brokered private placement financing of up to $1.5 million to advance its Las Coloradas Silver/Gold project in Mexico and for working capital. The financing involves issuing up to 2.1 million units, each comprising one common share and one-half of a common share purchase warrant, with proceeds subject to regulatory approvals. This move is aimed at enhancing the company’s exploration activities and strengthening its position in the mineral exploration industry.
More about Kingsmen Resources
Kingsmen Resources is a mineral exploration company focused on advancing its Las Coloradas Project in the Parral mining district of Mexico. The company is engaged in exploring high-grade silver and gold deposits and holds a 1% NSR on the Los Ricos North project operated by GoGold Resources Inc. Kingsmen is publicly traded and headquartered in Vancouver, British Columbia.
YTD Price Performance: 43.84%
Average Trading Volume: 41,043
Technical Sentiment Signal: Sell
Current Market Cap: C$24.52M
Find detailed analytics on KNG stock on TipRanks’ Stock Analysis page.