Cabral Gold (TSE:CBR) has released an update.
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Cabral Gold Inc. has successfully completed the first tranche of its oversubscribed private placement, raising $1.87 million with an anticipation of a final tranche to bring total proceeds to $2.26 million. The funds are earmarked for advancing the Pre-feasibility study on the Cuiú Cuiú gold district and general corporate purposes. Additionally, the company has settled a debt by issuing shares for accrued interest on a loan from director Dr. Alan Carter.
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