trending Market Intelligence /marketintelligence/en/news-insights/trending/qtIzu6wbnDs3_v0tDEZnFA2 content esgSubNav
In This List

Xtra-Gold Resources to raise C$1M for exploration, general working capital

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices


Xtra-Gold Resources to raise C$1M for exploration, general working capital

Xtra-Gold ResourcesCorp. said May 2 that it plans to undertake a nonbrokered private placementof up to 2.5 million units at 40 Canadian cents apiece and raise as much as C$1million.

Each unit consists of one common share and 0.5 of a share purchasewarrant. A whole warrant will entitle its holder to purchase one common Xtra-Goldshare at 65 cents for a 15-month period from closing.

The financing remains subject to regulatory approval. Proceedsare earmarked for continued exploration at the company's properties and for generalworking capital.