Golden Minerals Seeks C$5 Million as Funds Could Run Out by Year-End

Golden Minerals plans to raise up to C$5 million after warning that its available funds could run out by year-end 2026, leaving the exploration company at risk of liquidation. The proposed private placement would sell as many as 17,857,142 units for C$0.28 each. Each unit includes one common share and half of a warrant. Each whole warrant would allow its holder to buy one share for C$0.45 for up to 24 months after closing. Golden Minerals could shorten that period if the stock’s volume-weighted average price exceeds C$0.90 for 10 consecutive trading days and it gives holders notice.

Source: TokenPost