CoTec Holdings Secures $2.75M in Private Placement

EastCoal (TSE:CTH) has released an update.

CoTec Holdings Corp. has successfully completed a private placement of common shares to Kings Chapel International Limited, raising $2.75 million. The funds will be directed towards potential investments, working capital, and part of it may repay loans from Kings Chapel, pending regulatory approval. This transaction involved an insider, necessitating compliance with regulations to protect minority shareholders.

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