Ares Strategic Mining Inc (TSE:ARS) has released an update.
Ares Strategic Mining Inc. has launched a non-brokered private placement to raise funds between $1,000,000 and $4,000,000 by offering up to 22.2 million units at $0.18 each. The units include common shares and warrants, with each warrant allowing the purchase of additional shares at $0.26 within two years, subject to potential acceleration conditions. The offering, open to Canadian residents outside of Quebec, benefits from certain regulatory exemptions and does not involve a hold period on the securities sold.
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