Loyalist Exploration Extends Financing for Amalgamation

PNG Copper Inc (TSE:PNGC) has released an update.

Loyalist Exploration Limited is extending its private placement financing, aiming to raise $350,000 by selling common shares at $0.005 each, to bolster working capital and support a strategic amalgamation with Millbrook Minerals Inc. The extension period for this non-brokered offering will last until August 17, 2024, with potential finders’ fees involved for registered dealers. The funds raised are partly earmarked for exploration activities on Millbrook’s mining properties following the anticipated amalgamation.

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