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.
For further insights into TSE:IFR stock, check out TipRanks’ Stock Analysis page.
