• 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.

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