Saville Resources (TSE:SRE) has released an update.
Saville Resources Inc. has successfully completed an upsized private placement, raising $1,040,250 through the issue of over 20 million units at $0.05 each. These units include a common share and a half warrant, with full warrants exercisable at $0.075 per share for one year. The company plans to allocate the proceeds for general corporate and working capital needs, pending approval from the TSX Venture Exchange.
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