Madoro Metals Corp (TSE:MDM) has released an update.
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Madoro Metals Corp. is set to raise $300,000 through a non-brokered private placement of 15 million units at $0.02 each, which will include shares and warrants. The proceeds are earmarked for exploration and working capital, with potential finder’s fees in line with TSX Venture Exchange policies. The offering is contingent on regulatory approvals and the securities will be subject to a four-month hold period.
For further insights into TSE:MDM stock, check out TipRanks’ Stock Analysis page.