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The latest update is out from EastCoal ( (TSE:CTH) ).
CoTec Holdings Corp. has successfully completed the initial closing of its LIFE Offering and concurrent private placement, raising over $5 million. The funds will be used for detailed design and engineering at HyProMag USA LLC, a drilling program at its Lac Jeannine property, further investment obligations, and general corporate purposes. The private placement involved related party transactions, with significant participation from Kings Chapel International Ltd., a major insider of the company. The transaction was exempt from certain regulatory requirements due to its nature and size relative to the company’s market capitalization.
More about EastCoal
Average Trading Volume: 18,649
Technical Sentiment Signal: Buy
Current Market Cap: C$63.69M
For an in-depth examination of CTH stock, go to TipRanks’ Overview page.
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