Canadian Manganese Company Inc (TSE:CDMN) has released an update.
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Canadian Manganese Company Inc. has secured a $15 million royalty financing deal with Leventis Capital, selling a 3% gross revenue royalty on its Woodstock Manganese Project. The funds are allocated for advancing feasibility studies and repaying outstanding debts, with the deal poised to enhance financial stability and shareholder value. The agreement also includes a buyback option, allowing Canadian Manganese to repurchase the royalty under specified conditions.
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