Kermode Resources (TSE:KLM) has released an update.
Kermode Resources Ltd has successfully completed the initial portion of its private placement, raising $10,500 through the issuance of 525,000 units at $0.02 each. These units include one common share and a warrant, which allows the purchase of an additional share at $0.05 within the next three years. The funds are earmarked for general working capital, with specific allocations for regulatory fees, CFO compensation, and legal expenses related to annual reporting.
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