Loyalist Exploration Extends Financing for Amalgamation
Company Announcements

Loyalist Exploration Extends Financing for Amalgamation

Story Highlights

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

Loyalist Exploration Limited is extending its private placement financing, aiming to raise $350,000 by selling common shares at $0.005 each, to bolster working capital and support a strategic amalgamation with Millbrook Minerals Inc. The extension period for this non-brokered offering will last until August 17, 2024, with potential finders’ fees involved for registered dealers. The funds raised are partly earmarked for exploration activities on Millbrook’s mining properties following the anticipated amalgamation.

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

Related Articles
TipRanks Canadian Auto-Generated NewsdeskLoyalist Exploration Updates on Millbrook Deal Termination
TipRanks Canadian Auto-Generated NewsdeskLoyalist Exploration Shareholders Approve Key Resolutions
TipRanks Canadian Auto-Generated NewsdeskLoyalist Exploration Extends Private Placement Offer
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App