Denarius Metals Closes Non-Brokered Private Placement of Units for Gross Proceeds of Approximately CA$6.6 Million
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Denarius Metals has completed a non-brokered private placement, issuing 13,138,000 Units at CA$0.50 per Unit, raising gross proceeds of CA$6,569,000. The funds will be used to advance projects in Spain, including the Lomero, Toral, and Aguablanca Projects. Executive Chairman Serafino Iacono and Aton Ventures Fund Ltd. were significant participants, increasing their ownership stakes in the company.
March 20, 2025 | 9:30 pm
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POSITIVE IMPACT
The private placement provides capital for advancing exploration and development of Lomero, Toral, and Aguablanca Projects, potentially improving the company's growth prospects.
The successful private placement demonstrates investor confidence, provides necessary funding for project development, and increases insider ownership, which could positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100