Heritage Mining Sets $750K Private Placement

Heritage Mining Ltd. (TSE:HML) has released an update.

Heritage Mining Ltd. is launching a $750,000 non-brokered private placement to finance their upcoming exploration initiatives and bolster working capital. The company plans to offer up to 10 million units at $0.05 each and 4.17 million flow-through units at $0.06 each, with each unit including a common share and a purchase warrant. Funding from this offering, which anticipates a swift closing before June 28, 2024, will support exploration and drilling at the Drayton-Black Lake Project and Contact Bay.

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