DynaResource raises $3M in private placement from existing stockholders

What's the deal? DynaResourceDealroom has a profile for this one. Try Dealroom → (OTCMKTS: DYNR) launched a non-brokered private financing with some of its existing stockholders to raise gross proceeds of US$3M. The company said the raise could reach a gross aggregate of US$6.4M if all warrants are exercised.

Why this structure? A non-brokered private placement lets DynaResource raise capital directly from existing stockholders, without underwriters or their fees. The financing provides a targeted capital injection for the listed company.

Read more: Seeking Alpha

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