EastCoal (TSE:CTH) has released an update.
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CoTec Holdings Corp. successfully completed the final phase of its non-brokered private placement, raising a total of $2.57 million to fund key projects including the Feasibility Study for HyProMag USA and the Lac Jeannine Project. Notably, insiders invested over $2 million, acquiring a substantial portion of the units offered. The funds are also earmarked for general working capital, with all Canadian-issued securities subject to a statutory hold period.
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