Loyalist Exploration Closes Private Placement Successfully

PNG Copper Inc (TSE:PNGC) has released an update.

Loyalist Exploration Limited has successfully closed a private placement, raising $131,500 through the issuance of 26.3 million common shares. Key company insiders participated in the financing, making it a related-party transaction exempt from certain regulatory requirements. The shares will be subject to a hold period of four months and a day.

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