October 11, 2023
Blackwolf Copper & Gold Ltd. (TSXV:BWCG, BUY, C$0.55 target, Taylor Combaluzier) announced that its non-brokered private placement has been upsized and fully subscribed to C$3.12M. The offering will now consist of up to 13M units at C$0.24/unit, with each unit comprised of one common share and one warrant exercisable at C$0.35 for two years. Net proceeds from the offering are expected to fund exploration activities at three projects including Niblack, Cantoo and Harry, as well as general working capital. Blackwolf plans to advance Niblack in the near term, while additional campaigns are planned at Harry and Cantoo and expected to begin in the Spring. As mentioned in our recent site visit report and initiation report, we believe investors should pay close attention to the Blackwolf story as exploration results continue to serve as the primary drivers of the share price in the coming months. Read more
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Blackwolf Copper & Gold Ltd. – TSXV:BWCG
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