Fremont Gold Ltd (TSE:FRE) has released an update.
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Fremont Gold Ltd. has launched a C$1M non-brokered private placement to issue 10 million units at C$0.10 each, with funds aimed to advance exploration on their Armenian copper and gold projects. The placement includes share purchase warrants, allowing investors to buy additional shares at C$0.17 within 18 months. The initiative is led by key insiders, including President and CEO Dennis Moore, with the anticipation of accelerating the company’s exploration programs and securing a first-mover advantage in the underexplored region.
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