Xtierra (TSE:RI) has released an update.
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Royalties Inc. is set to raise $210,000 through a private placement to finance increased audit and tax service fees, property taxes, and litigation costs. Despite generating $129,000 in dividends from its strategic investment in Music Royalties Inc., the company still faces corporate overhead challenges. Additionally, Royalties Inc. is working to enhance the value of its Bilbao project in Mexico amid rising silver prices and is involved in legal proceedings regarding a royalty claim.
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