Ares Strategic Mining (TSE:ARS) has released an update.
Ares Strategic Mining Inc. has successfully completed the third tranche of its non-brokered private placement, raising $361,737.18 by issuing over 2 million units at $0.18 each. This brings the company’s total raised to $2.43 million, nearing its $2.9 million goal for the amended offering. Each unit sold includes one common share and a warrant, which can potentially accelerate in expiry if the company’s share price meets certain conditions.
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