Forum Energy Metals Corp (TSE:FMC) has released an update.
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Forum Energy Metals Corp. has successfully completed a non-brokered private placement, raising $956,343 through the issuance of over 7 million units at $0.135 each, with additional warrants attached. The proceeds are earmarked for general working capital, with insiders buying up a significant portion, under regulations permitting such related party transactions. The company paid commissions and issued finder warrants as part of the deal, which is subject to a four-month hold period.
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