Snow Lake Energy Announces Closing of Public Offering
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Snow Lake Resources Ltd., operating as Snow Lake Energy, has closed its public offering of 15,750,000 common shares at $0.41 per share, raising approximately $6.45 million before fees and expenses.
December 20, 2024 | 4:15 pm
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Snow Lake Energy has completed its public offering, raising $6.45 million through the sale of 15,750,000 shares at $0.41 each.
The successful closing of the public offering provides Snow Lake Energy with additional capital, which could be used for exploration and development activities. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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IMPORTANCE 80
RELEVANCE 100