Culico Metals Inc. (TSE:CLCO) has released an update.
Culico Metals Inc. successfully completed a non-brokered private placement, issuing nearly 25 million shares at C$0.064 each to raise C$1.6 million aimed at covering due diligence costs for potential deals and general corporate expenses. The offering saw substantial investment from company insiders, which was conducted in accordance with regulatory exemptions and without the need for a formal valuation or minority shareholder approval.
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