Gold Line Resources Ltd (OTCMKTS:TLLZF) Stock Rallies After Announcing Increased Financing

The new week started off on a strong note for Gold Line Resources Ltd (OTCMKTS:TLLZF) investors as the company’s stock attracted attention in a big way and ended up with gains of as much as 13% for the day.

Market Stats

On Monday, TLLZF stock gained 13.70% to $0.15 with more than 1.5k shares, compared to its average volume of 10K shares. The stock has moved within a range of $0.1500 – 0.1500 after opening trading at $0.15.

Gold Line Announces Increased Financing of $4 Million and Inclusion of a Sprott Strategic Investor

Yesterday, the company actually made a major announcement and it may be a good idea for investors to take a closer look into it. Yesterday, the company announced that it had come to a decision to amend the terms of the private placement that it had announced previously. It should be noted that the private placement is of a non-brokered nature. It could be a good idea for investors to now look into the amended terms of the private placement. The company announced that as per the provisions of the new terms, members from the Sprott Group have decided to act as the finders in this transaction. In this private placements, Gold Line Resources is going to offer as many as 18750000 units and believes it can raise as much as $4 million in the form of fresh capital. The news came as a source of optimism among investors and hence, the rally in the stock.