Peruvian Metals Raises Funds for Expansion

Peruvian Metals Corp (TSE:PER) has released an update.

Peruvian Metals Corp. successfully completed the initial tranche of its non-brokered private placement, raising $225,000 through the sale of over 3 million units at $0.07 each, with proceeds earmarked for property development and general capital needs. Investors received shares and half-warrants, with full warrants exercisable at $0.10 within two years, subject to conditions. The offering, which requires regulatory approval, aims to fund developments of the Mercedes and Palta Dorada properties.

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