Alma Gold (TSE:ALMA) has released an update.
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Alma Gold Inc. has successfully completed a non-brokered private placement, raising $300,000 by issuing 3,750,000 units at $0.08 each, with each unit comprising a common share and a warrant to purchase an additional share at $0.10 within three years. The funds raised will bolster the company’s general working capital, with no finder’s fees paid and an insider subscribing for 625,000 units. All securities issued are under a statutory hold period expiring on January 21, 2025.
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