ExGen to Raise $1M in Private Placement at $0.10/Unit, a 58% Premium to Market
BXXRF has more than doubled off its 52-week low of $0.008.
Summary
ExGen Resources announced a $1 million private placement of up to 10 million units at $0.10 per unit, a significant 58% premium to its current share price of $0.063. Each unit includes a common share and half a warrant exercisable at $0.15. This capital raise is substantial for the company, which has a market cap of approximately $6.88 million, and will fund exploration, potential acquisitions, and general working capital. This new financing replaces a previously announced offering from February 12, 2026, which will no longer proceed. The closing is anticipated around June 30, 2026, pending regulatory approvals.
At the time of this announcement, BXXRF was trading at $0.06 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $6.9M. The 52-week trading range was $0.01 to $0.30. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.