Arras Minerals Corp (TSE:ARK) has released an update.
Arras Minerals Corp. has seen an increase in their non-brokered private placement financing from the initial C$2 million to C$4.5 million due to strong investor demand. The additional funds will enhance the company’s exploration programs in Kazakhstan, particularly at the Elemes and Tay projects. The offering includes units with common shares and half-warrants, with an option for the company to accelerate the warrant expiry date under certain conditions.
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