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.

Mining investors in Canada may be missing out by not knowing about the government's flow-through shares program.

A recent site visit to Mink Ventures Corp.’s (TSXV:MINK) Warren Nickel-Copper-Cobalt Project led to a reinterpretation of its geology.

Vista Gold Corp. (TSX:VGZ) is a gold development company focused on advancing its flagship Mt Todd gold project in Australia.

Stockhouse's weekly gold report brings you top stories about mining stocks vying for a spot on your watchlist.