Cruz Capital (TSE:CRUZ) has released an update.
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Cruz Battery Metals Corp. has successfully completed a private placement, raising $225,000 through the sale of 6.25 million units at $0.036 each, with the intent to bolster its working capital and further develop its existing projects. President Jim Nelson expressed optimism about enhancing shareholder value and anticipates a dynamic second half of 2024 for the company. The offering was conducted under the listed issuer financing exemption, which allows the units to be free from resale restrictions in Canada.
For further insights into TSE:CRUZ stock, check out TipRanks’ Stock Analysis page.
