Kermode Resources (TSE:KLM) has released an update.
Kermode Resources Ltd has announced a new non-brokered private placement aiming to raise $100,000 by issuing 5 million units at $0.02 each, including shares and warrants. The proceeds are earmarked for specific corporate expenses including TSX Venture Exchange fees, auditor fees, and working capital, with no funds allocated to management fees or investor relations activities. This strategic financial move is pending approval from the TSX Venture Exchange.
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