Quimbaya Gold Inc (TSE:QIM) has released an update.
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Quimbaya Gold Inc. has successfully completed a private placement and a debt settlement, raising $196,000 through the sale of 653,332 units. The funds will be used for exploration and working capital, while the debt settlement involved issuing 711,603 units to settle outstanding debts worth $213,481. These transactions also included related party agreements, with securities subject to a four-month hold period under Canadian laws.
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