Tarachi Gold Corp (OTCMKTS:TRGGF) Stock Continues to Trade in a Narrow Range

Although it is true that the Tarachi Gold Corp (OTCMKTS:TRGGF) stock was trading within a range on Thursday, the company did make a major announcement yesterday and that is something investors ought to look into.

Market Action:

On Thursday, TRGGF stock remains unchanged at $0.1418 with more than 3.40K shares, compared to its average volume of 27.43K shares. The stock has moved within a range of $0.1418 – 0.1418 after opening the trade at $0.1345.

Tarachi Announces Closing of Non-Brokered Private Placement

The company announced yesterday that it had been successful in completing the private placement that had been announced earlier on this month on October 6. It should be noted that the placement was of a non-brokered nature. In this particular private placement, Tarachi Gold issued as many as 4,396,667 share of its common stock and they were sold for $0.15 each.

The company managed to generate gross proceeds of $659,500.05 from the placement. That being said, investors need to remember that Tarachi Gold also had to pay a finder’s fee to the tune of C$9000 and on top of that issued as many as 60,000 broker warrants. The broker warrants could be exchanged by the holders at any time before October 28, 2022.

In exchange, the holders will be able to acquire the same number of common shares in Tarachi Gold for the exercise price that has been set at C$0.35. It remains to be seen if the Tarachi Gold stock breaks out today or not.