Greenridge Exploration Inc (TSE:GXP) has released an update.
Greenridge Exploration Inc. has successfully completed the first tranche of its private placement, raising $750,798.40 by issuing 853,180 flow-through units at $0.88 each. The funds will finance Canadian exploration expenses, with tax benefits to be extended to subscribers by the end of 2024. A portion of the placement was subscribed by an insider, with the transaction complying with the relevant multilateral instruments for minority security holders.
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