Madison Metals Launches Major Private Placement

Madison Metals, Inc. (TSE:GREN) has released an update.

Madison Metals Inc. is set to enhance its financial position through a non-brokered private placement aimed to raise between CAD$1,000,000 and CAD$3,500,000. Investors will have the opportunity to purchase up to 10 million units at CAD$0.35 each, with each unit comprising a common share and a half warrant, which allows for additional share purchases at CAD$0.50 within 18 months. The offering targets residents in Canada (excluding Quebec) and will not be subject to statutory hold periods under Canadian securities laws.

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