Moonbound Mining Ltd. (TSE:MML) has released an update.
Moonbound Mining Ltd. has successfully completed the fifth tranche of its private placement, totaling 2,410,006 common shares at $0.30 each, amounting to $723,001.80 in gross proceeds. With an aggregate of $7,366,402.20 raised so far, the company plans to use the funds to advance its projects and for general working capital. Concurrently, Moonbound Mining has updated its board of directors, appointing James Lumley and Perry E. Toms while acknowledging the resignation of Ann Fehr.
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