A small Vancouver-based %JuniorMiner 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 %IndigoExploration () 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.