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Essex Minerals ( (TSE:OPTG) ) has issued an update.
Optegra Ventures Inc., based in Vancouver, British Columbia, has announced a consolidation of its common shares, exchanging one new share for every four old shares, to enhance flexibility for future financings. Additionally, the company is launching a $1.5 million private placement to issue 20 million units, each comprising one post-consolidation share and one warrant, to fund debt payment and working capital, subject to TSX Venture Exchange approval.
More about Essex Minerals
Average Trading Volume: 19,790
Technical Sentiment Signal: Buy
Current Market Cap: C$220.4K
For a thorough assessment of OPTG stock, go to TipRanks’ Stock Analysis page.