02:04 PM EDT, 10/11/2024 (MT Newswires) -- Hemlo Explorers ( CNOBF ) on Friday upsized its non-brokered private placement by $500,000, to $2 million.

The company will now sell 40-million share units at $0.05 each and flow-through shares, also at $0.05 each.

Proceeds from the flow-through shares will be used for the exploration and advancement of Hemlo's Newfoundland projects, while proceeds of the units will be used for general corporate purposes.

Hemlo shares were last seen up $0.02, or 29%, to a 52-week high of $0.09 on the Canadian Securities Exchange

Price: 0.09, Change: +0.02, Percent Change: +28.57