Salazar Resources (TSE:SRL) has released an update.
Salazar Resources is set to bolster its funding by offering a private placement aiming to raise up to $1.5 million through the sale of 30 million shares, priced at $0.05 each. The anticipated insider participation is up to $325,000, and the funds will be primarily used for working capital and exploration activities. The offering and the sale of shares are subject to a four-month hold period along with necessary regulatory approvals, including the TSX Venture Exchange’s final acceptance.
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