Ares Strategic Mining Concludes Successful Private Placement

Ares Strategic Mining (TSE:ARS) has released an update.

Ares Strategic Mining Inc. has successfully completed the second tranche of its non-brokered private placement, raising a total of $137,730.60 by issuing units at $0.18 each. These units include a common share and a warrant, which can potentially accelerate in expiry if the company’s share price reaches a certain threshold. The funds raised are slated for use as outlined in the company’s LIFE Offering Document.

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