Alma Gold (TSE:ALMA) has released an update.
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Alma Gold Inc. has successfully completed a non-brokered private placement, raising $305,000 through the issuance of 6.1 million units at $0.05 each, which includes shares and warrants. The company plans to use the proceeds for general working capital and to settle $154,537.90 in debts with creditors through the issuance of shares. The debt settlement is expected to close on July 12, 2024, helping to streamline the company’s financial position.
For further insights into TSE:ALMA stock, check out TipRanks’ Stock Analysis page.