Torr Metals Inc. Launches Private Placement to Raise Funds

Cortus Metals, Inc. (TSE:MLO) has released an update.

Torr Metals Inc. announces a non-brokered private placement aimed at raising up to $600,000 through the issue of flow-through and non-flow-through shares, including warrants. The funds are intended for the exploration and development of the company’s mineral properties in Ontario, Canada, and for general working capital purposes. The flow-through shares allow purchasers to benefit from tax incentives under the Canadian Income Tax Act.

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