Alchemist Mining (TSE:LITS) has released an update.
LiTHOS Group Ltd. has announced a non-brokered private placement aiming to raise up to $2 million through the sale of over 2.8 million units at $0.70 each, which includes a common share and a share purchase warrant. The funds raised are intended for payment of debts, working capital, business development, and the advancement of client pilot projects. The offering is subject to a four-month hold period and the securities are not registered under the U.S. Securities Act.
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