Offering deferred. Doesn't matter8 Dec 2023 08:39
Accordingly, the Company has decided to terminate the Offering and defer its fund raising efforts until, inter alia, there is a sustained improvement in market conditions. Consequently, the Board of Directors has postponed the proposed dual listing on the Exchange until further notice.
The Company has already initiated a plan to reduce certain costs and preserve its cash resources as appropriate. The Company will revisit financing opportunities during Q1 2024 and is also exploring alternative funding options to enable it to, inter alia, proceed with a drilling campaign on its flagship BAM Gold Project at the Junior Lake property in Northwestern Ontario at the earliest opportunity. The Company will provide further updates in due course as appropriate.