$LWD - Acquisition + Non-brokered private placement complete Lakewood Resources just completed the major acquisition of the Silver Hammer on top of the closing of a non-brokered private placement for a total gross of $3.5M.
Silver Hammer owns the Silver Strand Mine, which is located in a premier silver district in Idaho that has produced a total of over 1.2B oz of silver. The mine has a 5.5km strike length in the Coeur d’ Alene mining district in Idaho and is known for its depth potential.
The $3.5M from the private placement will mainly go towards exploration activities on the Lacy Property Gold Project and Silver Hammer’s Silver Strand Project. With a new mine and $3.5M in cash, $LWD is looking good for more growth in the future.
https://www.thenewswire.com/press-releases/1LaPFGVNM-lakewood-exploration-completes-acquisition-of-silver-hammer-and-non-brokered-private-placement.html?fbclid=IwAR1pnbJQqbR3e6IUz9FOY967keSlHBPUinvv0skwBibTMaGoeywRtd2AdFM
Since the IPO in May $LWD’s stock has seen steady growth, currently sitting at $0.66/160% (up nearly 5% today) above the IPO price. I’m considering adding more shares to my portfolio because of the moves they’ve been recently making and the stock growth they’ve seen over the past couple of months. I believe that the upwards trend will continue over the year as $LWD continues to move forward with their exploration plans on both their properties.