IFR Successfully Completes Funding Round

International Frontier Resources (TSE:IFR) has released an update.

International Frontier Resources Corporation (IFR) successfully completed an over-subscribed funding round, raising $816,500 through the sale of over 16 million units at $0.05 each. The units include common shares and half-warrants, with full warrants allowing the purchase of additional shares at $0.10 within a five-year period, subject to acceleration provisions. The capital raised is earmarked for general corporate expenses and working capital, indicating a strengthening of the company’s financial position.

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