Cruz Capital (TSE:CRUZ) has released an update.
Cruz Battery Metals Corp. has successfully completed a private placement, raising $225,000 through the sale of 6.25 million units at $0.036 each, with the intent to bolster its working capital and further develop its existing projects. President Jim Nelson expressed optimism about enhancing shareholder value and anticipates a dynamic second half of 2024 for the company. The offering was conducted under the listed issuer financing exemption, which allows the units to be free from resale restrictions in Canada.
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