Fredonia Mining Inc (TSE:FRED) has released an update.
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Fredonia Mining Inc. has successfully completed a $1 million non-brokered private placement without the need to pay commissions or finder’s fees. The raised funds are designated for exploration activities, technical report preparation, and general corporate purposes. The private placement involved selling units at $0.03 each, which included one common share and a warrant to purchase an additional share at $0.06 within three years.
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