Cabral Gold Announces Closing of Final Tranche of Private Placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2024
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Should l Buy ?
Source: Yahoo Finance
Private Placement Completion: Cabral Gold Inc. has successfully closed the final tranche of its non-brokered private placement, issuing 8,750,165 units at $0.24 each for total proceeds of approximately $2.1 million, which will be used for drilling and development activities at its Cuiú Cuiú gold project in Brazil.
Related Party Transactions: The company disclosed that a director participated in the private placement, classifying it as a related party transaction under securities regulations, while relying on exemptions due to the participation's value being below 25% of the company's market capitalization.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
