1844 Resources Inc (TSE:EFF) has released an update.
1844 Resources Inc. has successfully completed a non-brokered private placement, issuing over 14 million units at $0.02 each, resulting in $282,350 in gross proceeds. The funds are earmarked for exploration, potential acquisitions, investor relations, and general working capital, with a promise that no more than 10% will be spent on market activities. The offering included participation from company insiders, adhering to regulatory exemptions and guidelines.
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