P2 Gold Inc. (TSE:PGLD) has released an update.
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P2 Gold Inc. has successfully completed the second part of its financing strategy by closing the second tranche of its convertible debenture unit offering, raising $303,000 through the sale of 303 units at $1,000 each. These units, comprising convertible debentures and share purchase warrants, offer a 7.5% semi-annual interest paid in shares or cash and come with a two-year term, subject to extension. The funds raised are slated primarily for fulfilling obligations under the Termination Agreement.
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