1911 Gold Faces Regulatory Hurdle in C$17 Million Offering
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1911 Gold Corporation's C$17 million offering has been denied regulatory approval by the TSX Venture Exchange, leading to an appeal by the company. Despite this setback, 1911 Gold is well-capitalized and focused on its True North project. Spark's analysis rates TSE:AUMB as Neutral, highlighting financial difficulties and negative cash flows, but notes potential for positive momentum. The company, which operates in Manitoba and Ontario, aims for growth and acquisitions in North America. Current market cap stands at C$255.9 million with a year-to-date price performance of 519.35%.
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