TRU:CC - Strategic Private Placement Sparks Massive Rally For Junior Miner

2023-09-06 16:18:38 ET

Sometimes %PrivatePlacement announcements are just flashes in the pan when it comes to trading activity, but at times, key investments can lead to massive price swings, especially if the company is relatively small.

Earlier today, we saw just that after a dually listed junior miner announced that it has closed the CAD$3,000,000 non-brokered private placement with a wholly-owned subsidiary of Ormonde Mining Plc. This sent shares of %TRUPreciousMetals (TSXV: ) (OTCQB: ) soaring on Wednesday, especially seeing that as of yesterday’s close, this company had a market cap of just around $2 million. Shares trading on the Canadian side of things went on to close up at $0.035/share (+75.00%) on Wednesday.

TRU is on a mission to build long-term shareholder value, through prudent natural resource property development and transactions. TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt on its 100%-owned Golden Rose Project, originally optioned from TSX-listed Altius Minerals. Golden Rose is a regional-scale 240.25 km2 land package, including a recently-discovered 20 km district-scale structure, and an additional 45 km of strike length along the deposit-bearing Cape Ray - Valentine Lake Shear Zone, directly between Marathon Gold¿s Valentine Gold Project and Matador Mining's Cape Ray Gold Project. In addition, TRU has an option to acquire up to an aggregate 65% ownership interest in two claim packages covering 33.25 km2 including a 12 km strike length along the Shear Zone within Golden Rose.