Imperial Mining Group Ltd. Class A (TSE:SCD) has released an update.
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Scandium Canada Ltd. has successfully completed a private placement, raising $226,850 through the sale of over 6 million units, with further intentions to secure an additional $1 million in a second tranche. The funds raised are primarily earmarked for general corporate and working capital purposes. The transaction included a related party purchase, but remains compliant with market regulations, pending final Exchange approval.
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