Kermode Resources Finalizes Private Placement

Kermode Resources (TSE:KLM) has released an update.

Kermode Resources Ltd has successfully completed the final tranche of its private placement, raising $15,500 for general working capital purposes. The company issued 250,000 units at $0.02 each, with each unit comprising one common share and a warrant exercisable at $0.05 per share for the next three years. No finder’s fees were paid, and all securities from this tranche are subject to a four-month hold period.

For further insights into TSE:KLM stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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