Abitibi Metals Corp (TSE:AMQ) has released an update.
Abitibi Metals Corp has increased its non-brokered private placement to $7.1 million due to high demand, with the offering now fully allocated and expected to close shortly. The company is poised for growth with a $19 million treasury, enabling it to conduct a 50,000-metre drill program and deliver a Preliminary Economic Assessment at the B26 Deposit. Funds raised will also support the Beschefer Gold Project and general corporate needs, solidifying Abitibi’s position in the Abitibi Greenstone Belt.
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