CMC Metals (TSE:CMB) has released an update.
CMC Metals Ltd. aims to raise $1.2 million through a non-brokered private placement, offering units at $0.035 each, comprising a share and a purchase warrant. The proceeds are primarily intended for exploration and property expenses at the Gavilanes project in Mexico and other Canadian projects, with a portion allocated to working capital. The offering is subject to TSX Venture Exchange approval and regulatory conditions.
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