K.B. Recycling Industries Ltd (TSE:OSIX) has released an update.
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oceansix Future Paths Ltd. is set to enhance its financial position through a non-brokered private placement targeting gross proceeds of up to CDN $3 million. The placement will offer over 33 million Units, combining common shares and warrants, with a significant subscription commitment from insider RAM.ON GmbH. The funds raised are planned for debt repayment, working capital, and to leverage post-acquisition opportunities.
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