C2C Gold Corp. (TSE:CTOC) has released an update.
C2C Metals Corp. has successfully raised C$1.768 million through a non-brokered private placement, issuing over 10 million units at C$0.17 each, with each unit including a share and a half-warrant. The funds will primarily support uranium project exploration in Utah and general corporate expenses, with securities from the placement being subject to a hold period until August 2024. A director of the company was a participant in this placement, which has been identified as a related party transaction.
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