Madison Metals, Inc. (TSE:GREN) has released an update.
Madison Metals Inc. is set to continue its private placement financing with the second tranche at CDN$0.35 per unit, following the initial tranche that raised over a million Canadian dollars. With a total offering size capped at CDN$2,500,000, the company aims to fund drilling activities in Namibia and other corporate needs. Each unit includes a common share and a half-warrant, allowing further purchase of shares within an 18-month period.
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