Cabral Gold (TSE:CBR) has released an update.
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Cabral Gold Inc. has revised the terms of its $3 million private placement, offering 12.5 million units at $0.24 each, with proceeds earmarked for corporate purposes and further exploration in Brazil. Each unit includes a common share and half a warrant, allowing investors to buy additional shares at $0.36 within two years. The funds will support drilling and engineering at the Cuiú Cuiú gold district, enhancing the company’s exploration efforts in a region with a rich gold mining history.
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