Richmond Minerals Advances Exploration, Raises Capital

Richmond Minerals (TSE:RMD) has released an update.

Richmond Minerals Inc. has successfully completed a non-brokered private placement, raising $340,000 by issuing 6.8 million shares, while also settling $52,725.35 in debt through a share for debt transaction involving insiders. The company has identified promising new drill targets in the Cyril Knight Zone of their Ridley Lake Gold Project, building on previous high-grade gold findings and expanding their exploration efforts in the Swayze Greenstone Belt, Ontario.

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