- iMetal Resources (IMR) has raised $1,094,133 following the exercise of 5,470,666 warrants
- It will use the proceeds to help finance the next phase of drilling at Gowganda
- Gowganda is an exploration-stage gold project located in the Abitibi Greenstone Gold Belt in Ontario
- iMetal is a junior resource exploration and development company focused on properties in Ontario and Quebec
- iMetal Resources (IMR) opened trading at C$0.225
iMetal Resources (IMR) announced that 5,470,666 warrants have been exercised, adding $1,094,133 to the company’s treasury.
“I am extremely pleased to report a successful exercise of over 5 million share purchase warrants for the company generating an additional $1M+ of hard dollars to the iMetal treasury,” commented Saf Dhillon, President and CEO of iMetal Resources.
“The warrant exercise clearly demonstrates investor faith in the company’s management and projects, The additional proceeds will be used for general working capital and further exploration on our flagship Gowganda West property.”
The company continues to finalize plans for the next phase of drilling at Gowganda and the Digitally Enhanced Prospecting (“DEP”) program at Ghost Mountain. This program is expected to commence shortly.
iMetal is a junior resource exploration and development company focused on properties in Ontario and Quebec. One of its flagship properties, Gowganda West, is an exploration-stage gold project bordering the Juby Deposit in the Abitibi Greenstone Gold Belt about 100 km from the Timmins Gold Camp.
iMetal Resources (IMR) opened trading at C$0.225.