An update from US Gold (USAU) is now available.
U.S. Gold Corp. has announced a significant financial move, entering into an agreement for a registered direct offering and a concurrent private placement, aiming to issue 1.4 million shares of common stock at $3.50 each and warrants to purchase an equivalent amount of shares at $4.48. This strategic transaction is projected to bring in around $4.9 million in gross proceeds, with expectations to close by April 19, 2024. The company plans to allocate these funds towards its working capital needs and general corporate objectives.
For a thorough assessment of USAU stock, go to TipRanks’ Stock Analysis page.
