- Troubadour Resources (OTCPK:TROUF) on Wednesday announced a proposed private placement offering to raise total gross proceeds of up to $1.25M.
- Troubadour intends to undertake a non-brokered private placement of up to 10,000,000 million units of the company at a purchase price of $0.125 per unit for aggregate gross proceeds of $1.25M.
- Proceeds will be used for general working capital and to define new drill targets on its High-Grade Uranium property.
- The company said Geoff and Gary Schellenberg have tended their resignation, while Blake Morgan has now taken over as interim CEO.
- Source: Press Release
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