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Sokoman Minerals Corp (OTC:SICNF) Stock In Focus After Private Placement Financing

Ian Leigh

There are a handful of companies that are going to be on the radars of investors this morning as the midweek trading continues, and one of those could be Sokoman Minerals Corp. (OTCQB:SICNF). The company had been in the news day before yesterday after it made a key new announcement, and it may be a good time to take a closer look.

Key Announcement

On Tuesday the company announced that in relation to its previous announcement made about the matter, made on December 4 and December 17, 2024, the company decided to close the flow-through part of its non-brokered flow-through financing. As a result of the transaction, Sokoman Minerals managed to generate total gross proceeds to the tune of C$1,456,500.

Key Details

In the news release, Sokoman Minerals revealed that it had issued a total of 36,412,500 flow-through shares for the price of C$0.04. Each flow-through common share in the company also provided the holder with tax benefits that would be applied in line with the provisions of the income tax act of Canada. In light of the raising of fresh capital, it is going to be interesting to see if the Sokoman Minerals stock manages to find traction this morning or not.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.