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Imperial Ginseng Products ( (TSE:IGP) ) has shared an announcement.
Imperial Ginseng Products Ltd. and One Bullion Limited have successfully closed a brokered private placement of subscription receipts, raising over $5.3 million to support their proposed business combination. The transaction, expected to complete by December 16, 2025, will result in a name change to ‘One Bullion Limited’ and a listing on the TSX Venture Exchange as a Tier 2 Mining Issuer. The proceeds will aid in the transaction’s completion, exploration, and general corporate purposes, with significant implications for stakeholders as the company transitions into the mining sector.
More about Imperial Ginseng Products
Imperial Ginseng Products Ltd. is currently seeking new business opportunities and is involved in a reverse takeover transaction with One Bullion Limited, a gold exploration company with projects in Botswana.
Technical Sentiment Signal: Buy
Current Market Cap: C$711.7K
Find detailed analytics on IGP stock on TipRanks’ Stock Analysis page.