Bonanza Mining Corporation (TSE:BNZ) has released an update.
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Bonanza Mining Corporation is launching a non-brokered private placement to raise up to $1,250,000 for expanding its exploration efforts and general corporate funding. The offering will include sale of both non-flow-through and flow-through units, each paired with share purchase warrants, providing investors a chance to purchase additional shares under specific conditions. Funds from the flow-through units will support a diamond drilling program at Bonanza’s MC property, adjacent to Ascot’s newly operational Premier mine.
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