Ares Strategic Mining Raises $1.6M in Private Placement

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

Ares Strategic Mining Inc. has successfully completed the first portion of a non-brokered private placement offering, raising over $1.6 million by issuing over 9 million units at $0.18 each. The offering allows investors to buy a unit comprised of one common share and a corresponding warrant, which can be exercised at a higher price within two years, with the potential for an accelerated expiry date under certain conditions.

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