Baroyeca Gold & Silver (TSE:BGS) has released an update.
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Baroyeca Gold & Silver Inc. has completed a non-brokered private placement, issuing over 19 million units to raise $490,593, with insiders purchasing a significant portion. The funds are earmarked for working capital and general corporate purposes, while adhering to TSX Venture Exchange regulations and exemptions. The placement also involved a 5% finder’s fee and a four-month holding period for the securities issued.
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