Temas Announces Closing Of Private Placement And Early Warning Report
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Temas Resources Corp. has successfully closed a non-brokered private placement, raising $525,500.25 by selling 7,006,669 units at C$0.075 per unit. The offering was oversubscribed, and director S. Kyler Hardy acquired 4,000,002 units, increasing his ownership from 10.68% to 20.34% of outstanding shares. The proceeds will be used for general working capital and marketing purposes.
March 25, 2025 | 1:45 am
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POSITIVE IMPACT
Director's significant investment of $300,000 suggests strong internal belief in the company's potential, which could attract investor attention.
Insider purchasing a substantial number of units at a fixed price indicates confidence in the company's future prospects. The oversubscribed offering and planned use of funds for working capital and marketing could positively impact the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100