Global UAV Technologies Ltd (TSE:UAV) has released an update.
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Global UAV Technologies Ltd. has successfully closed a non-brokered private placement, raising $140,400 through the issuance of 1,170,000 units. Each unit is priced at $0.12 and includes a common share and a warrant, which can be exercised at $0.15 within 24 months. The funds will be used for general working capital and to repay certain government loans.
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