Phenom Resources (TSXV:PHNM) closes 1st tranche of non-brokered $1.2M private placement

Mining, The Market Online Deal Room

TSXV:PHNM

1 min

Phenom Resources (PHNM) has closed the first tranche of its private placement for gross proceeds of $1,227,100.20
The company issued 4,090,334 units
The gross proceeds will be used for work programs on the company’s exploration properties and general working capital
Phenom Resources Corp. (PHNM) is up 1.49 per cent, trading at C$0.34 per share at 3 pm ET

Phenom Resources (PHNM) has closed the first tranche of its non-brokered private placement for gross proceeds of $1,227,100.20.

The company issued 4,090,334 units.

The gross proceeds will be used for work programs on the company’s exploration properties and general working capital.

All securities issued will be subject to a statutory four-month hold period.

Phenom Resources is engaged in exploring gold, copper, and vanadium on its properties.

Phenom Resources Corp. (PHNM) is up 1.49 per cent, trading at C$0.34 per share at 3 pm ET.

As of the time of this writing Tuesday, the price of gold sits at US$2,628.68, up from US$2,627.70 per ounce in last week's update.

Undervalued junior miner American Pacific Mining (CSE:USGD) intersects impressive gold, copper and silver grades in Montana.

Artificial intelligence investors have countless penny stocks to consider, but those after balanced risk should consider shares under $10.

Barrick Gold (TSX:ABX) confirms that four employees at its Loulo-Gounkoto mining complex in Mali were charged and detained pending trial.