04:45 PM EDT, 03/13/2024 (MT Newswires) -- Nevada Exploration ( NVDEF ) on Wednesday said it is boosting the size of a private placement of share units to raise C$605,000, up from its original C$550,000 target due to invesor demand.

The company said it is now looking to place 5.5-million units in the financing, with each priced at C$0.11 and made up of a share and a three-year warrant to buy a second share for C$0.20.

Proceeds from the offering will be used for general working capital.

The company's shares closed down C$0.005 to C$0.145 on the TSX Venture Exchange.