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Merida Minerals Holdings Inc ( (TSE:ESPN) ) has shared an update.
Hispania Resources Inc. has successfully closed a non-brokered private placement, raising $500,000 through the issuance of 20 million units priced at $0.025 each. The funds will be allocated to exploratory work on the company’s mining assets and for general administrative expenses. The offering included a related party transaction involving director Rahim Allani, who increased his stake in the company. This strategic move is expected to bolster Hispania’s operational capabilities and enhance its market position in the Spanish mining sector.
More about Merida Minerals Holdings Inc
Hispania Resources Inc. is a mineral exploration company focused on mining opportunities in Spain. The company is currently developing three core assets, including the copper and zinc project Otero, the formerly producing tin project Lumbrales, and the copper and zinc Puebla de la Reina project. The management team consists of industry veterans with over 120 years of experience in mineral exploration and production, having successfully managed multiple international mining companies.
Average Trading Volume: 44,540
Technical Sentiment Signal: Buy
Current Market Cap: C$5.27M
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