Pinnacle Silver and Gold Corp.'s recent financial activity includes the closure of a non-brokered private placement in May 2024, issuing 17,333,333 units consisting of one common share each. The Company’s current cash holdings are not explicitly stated. However, it’s worth noting that Pinnacle Silver and Gold Corp. has a separate entity, Pinnacle Holdings, which invests in commercial real estate and generates significant cash-on-cash returns.
Since the search results do not provide detailed information on the Company’s current cash reserves, it’s unclear what specific amount is currently held. Further financial reports or statements would be necessary to determine the exact cash holdings of Pinnacle Silver and Gold Corp.
Key Points:
Pinnacle Silver and Gold Corp. closed a non-brokered private placement in May 2024, issuing 17,333,333 units.
The Company’s cash holdings from this placement are not explicitly stated.
Pinnacle Holdings, a separate entity, generates significant cash-on-cash returns through commercial real estate investments.