Norseman Capital (TSE:FTZ) has released an update.
Fitzroy Minerals Inc. successfully completed an oversubscribed private placement, raising $1.725 million through the sale of units at $0.15 each, which include common shares and half warrants. The proceeds are earmarked for exploration activities, property commitments, and general corporate purposes. The placement involved finder’s fees and participation from related parties, and is pending final approval from the TSX Venture Exchange.
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