Enerev5 Metals Inc. (TSE:ENEV) has released an update.
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Enerev5 Metals Inc. has successfully closed the first tranche of its private placement, raising $45,000 with the issuance of 4,500,000 units, and announced a debt settlement of $333,012 through issuing 33,301,200 common shares. The company plans to use the proceeds for administrative expenses and working capital, while insiders participated in both the private placement and debt settlement.
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