Closing Of Private Placement Causes Massive Buying Pressure

A dually-listed junior miner stole the show on Wednesday after the company’s shares soared following an announcement that came the day prior. The late-Tuesday press release explained that the company closed its oversubscribed non-brokered private placement that was announced on October 6, 2023 and upsized on October 10, 2023.

This news shot a wave of enthusiasm into the trading community as shares of Blackwolf Copper and Gold Ltd. (TSXV:BWCG) (OTCPK:BWCGF) rallied strongly, with shares on the Canadian side closing up at $0.255/share (+21.43%) and those trading OTC closing up at $0.1888/share (+16.54%).

Blackwolf Copper and Gold Ltd is a mineral exploration and development company based in Vancouver. It is focused on base and precious metal projects located in Alaska and British Columbia. Its Niblack Project is endowed with volcanogenic massive sulphide mineralization including the Lookout and Trio deposits which host compliant resources of copper, gold, silver, and zinc; Texas Creek property; Cantoo Property and Others.

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