New Break Resources Plans Private Placement

New Break Resources Ltd. (TSE:NBRK) has released an update.

New Break Resources Ltd. has announced a private placement due on July 18, 2024, aiming to raise $165,000 through the sale of 1.5 million flow-through units at $0.11 each. The proceeds are designated for exploration expenses on the company’s Moray property. The deal involves significant participation from major shareholders John Ross and Patricia Quigley, without the need for finder’s fees or additional regulatory approvals.

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