Hannan Metals Ltd (TSE:HAN) has released an update.
Hannan Metals Ltd has announced a private placement financing aimed to raise C$2.5 million, which will fund exploration projects in Peru and Chile, as well as for general corporate purposes. The deal includes over 7 million units, each consisting of a share and a half-warrant, with provisions for expedited warrant conversion under specific conditions. Concurrently, Hannan is progressing with environmental permitting for its San Martin project in Peru, expecting drilling activities to commence in August 2024.
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