Fredonia Mining Inc (TSE:FRED) has released an update.
Fredonia Mining Inc. is set to raise $1 million through a private placement financing, offering units that include shares and warrants, with the proceeds aimed at funding exploration and corporate activities. Additionally, the company plans to consolidate its common shares up to a 10:1 ratio, aiming to enhance liquidity and marketability in anticipation of future financing needs for continued exploration.
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