trending Market Intelligence /marketintelligence/en/news-insights/trending/srG9hQmWm-KnkMefGuBIqQ2 content esgSubNav
In This List

UrbanGold closes C$2.5M IPO on TSX-V

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


UrbanGold closes C$2.5M IPO on TSX-V

UrbanGold Minerals Inc. closed a C$2.5 million IPO on the TSX Venture Exchange, it said Dec. 28.

Investors subscribed for about 83% of the maximum size of the offering.

The company sold a total of 10,805,500 units at 10 cents apiece, with each unit consisting of 1 and 0.5 of a share purchase warrant. Each whole warrant can be exercised for a common share at 13 cents within a year. A total of 10,764,500 flow-through shares were sold at a price of 13 cents apiece.

UrbanGold's shares will start trading on the TSX Venture Exchange under the UGM ticker on Dec. 31.

The company intends to use the proceeds to fund the phase-one exploration work on the Monaco property in Quebec, as well as for general corporate purposes.