PNG Copper Inc (TSE:PNGC) has released an update.
Loyalist Exploration Limited has announced a 30-day extension of its non-brokered private placement, aiming to raise up to $350,000 by offering 70 million shares at $0.005 each. The funds are designated for working capital, administrative expenses, and to facilitate a Share Exchange with Millbrook Minerals Inc. This strategic move replaces the previously intended amalgamation, simplifying the transaction and furthering the company’s investment in Millbrook’s Newfoundland and Labrador mining properties.
For further insights into TSE:PNGC stock, check out TipRanks’ Stock Analysis page.
