Moonbound Mining Ltd. (TSE:MML) has released an update.
Moonbound Mining Ltd. has announced a private placement to raise $500,000 through convertible debenture units, which can be converted into common shares and carry warrants for additional share purchases. This non-brokered financing initiative aims to support project advancements and general capital needs, with a six-month maturity on the debentures and a 10% annual interest rate. The offering includes a statutory hold period for the securities issued and adheres to insider participation regulations.
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