Red Metal Resources Ltd. (TSE:RMES) has released an update.
Red Metal Resources Ltd. has successfully closed the first tranche of a private placement, raising $60,000 with the issuance of 1.2 million common shares, and plans a second tranche soon. The funds are earmarked for working capital, while the company also settled debts by issuing shares worth over $629,000. These financial moves are part of efforts to strengthen Red Metal’s position, coinciding with strong investor interest amid high copper and gold prices.
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