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An announcement from Kobrea Exploration Corp. ( (TSE:KBX) ) is now available.
Kobrea Exploration Corp. has successfully closed an $8.5 million private placement offering, issuing 17 million units at $0.50 per unit. The funds raised will be used for drilling and exploration in Mendoza Province, Argentina, as well as for general corporate purposes. The offering included both brokered and non-brokered tranches, with the brokered tranche led by Kernaghan & Partners Ltd. The completion of this financing is expected to support Kobrea’s ongoing exploration activities and strengthen its position in the mineral exploration industry.
More about Kobrea Exploration Corp.
Kobrea Exploration Corp. is a mineral exploration and development company focused on acquiring and exploring base metal projects. The company holds the right to earn a 100% interest in seven projects in southwestern Mendoza Province, Argentina, which are considered highly prospective for porphyry copper and porphyry copper-gold deposits. Kobrea also has a 100% interest in the Upland Copper Project in British Columbia, Canada.
Average Trading Volume: 66,860
Technical Sentiment Signal: Buy
Current Market Cap: C$16.86M
For a thorough assessment of KBX stock, go to TipRanks’ Stock Analysis page.