Junior Miner Closes Higher Following Private Placement Close
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Junior Miner Closes Higher Following Private Placement Close

Junior Miner Closes Higher Following Private Placement Close By: Dylan Sikes – AllPennyStocks.com News

Monday, February 27, 2023

A small Vancouver-based junior miner turned heads on Monday after the company announced the closing of a $600,000 private placement financing round. Seeing that the company’s total market cap was less than $5 million to begin with, a raise of this size could be a huge opportunity for this small company.

Traders were optimistic on the news as shares of Indigo Exploration Inc. (TSXV:IXI) went of to close up at $0.10/share (+25.00%) on Monday. It is important to note, however, that this move was on relatively small volume.

Indigo Exploration Inc is a junior natural resource company. It is engaged in the acquisition, exploration, and development of natural resource properties. The company's geographic segments include Canada; Burkina Faso and Mali. Its focus is on gold exploration in the Republic of Burkina Faso, West Africa. The company's projects include Lati; Hantoukoura and Djimbala.


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