Snow Lake Energy Announces Pricing of US$15 Million Public Offering
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Snow Lake Resources Ltd., operating as Snow Lake Energy, announced a public offering of 18,750,000 common shares at US$0.80 per share, aiming to raise US$15 million.
December 30, 2024 | 3:00 am
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Snow Lake Energy is conducting a public offering of 18,750,000 shares at $0.80 each, aiming to raise $15 million. This could lead to stock price volatility as the market reacts to the dilution and capital raise.
The public offering will increase the number of shares outstanding, potentially diluting existing shareholders' value. The offering price of $0.80 per share may also influence the market's perception of the stock's value, leading to short-term price volatility.
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