CMC Metals (TSE:CMB) has released an update.
CMC Metals Ltd. is set to enhance its financial position through a non-brokered private placement aiming to raise C$500,000, with the potential to increase to C$750,000. The offering includes flow-through units at C$0.04 each and non-flow-through units at C$0.035 each, with proceeds slated to support exploration programs across several Canadian properties and for general working capital. Investors in the flow-through shares will benefit from tax incentives as outlined in the Income Tax Act (Canada).
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