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Venerable Ventures ( ($TSE:VLV.H) ) has shared an announcement.
Venerable Ventures Ltd. has successfully closed a $40 million private placement offering to fund its exploration and potential restart of the Minto copper-gold-silver mine. This strategic move, in collaboration with Selkirk First Nation, positions the company for a significant venture in the Yukon, with plans for extensive drilling and feasibility studies. The offering, managed by Canaccord Genuity Corp. and other agents, involves various subscription receipts and aims to secure necessary approvals for listing shares in Selkirk Copper Mines Inc., potentially impacting stakeholders by advancing the company’s operational capabilities and market presence.
More about Venerable Ventures
Venerable Ventures Ltd. operates in the mining industry, focusing on copper, gold, and silver resources. The company is involved in the exploration and potential restart of the Minto copper-gold-silver mine in the Yukon, aiming to enhance its market position in the mineral resources sector.
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$3.23M
For an in-depth examination of VLV.H stock, go to TipRanks’ Overview page.