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Sorrento Resources Ltd. ( (TSE:SRS) ) has shared an update.
Sorrento Resources Ltd. has revised its brokered private placement offering agreement with Research Capital Corporation to raise up to $4.5 million through a combination of premium flow-through units, flow-through units, and regular units. The proceeds will fund exploration expenses and corporate purposes, with an option for the agent to increase the offering by 15%, potentially raising the total to $5.175 million. This strategic move is expected to bolster Sorrento’s exploration activities and strengthen its market position in the Canadian mineral resource sector.
More about Sorrento Resources Ltd.
Sorrento Resources Ltd. is involved in the acquisition, exploration, and development of mineral resources, focusing on projects in Newfoundland and Labrador, Canada.
Average Trading Volume: 54,593
Technical Sentiment Signal: Buy
Current Market Cap: C$9.17M
Find detailed analytics on SRS stock on TipRanks’ Stock Analysis page.