Metallis Resources (TSE:MTS) has released an update.
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Metallis Resources Inc. has successfully closed an over-subscribed non-brokered private placement raising $514,195, which will fund the initial exploration of the Greyhound Property and general corporate needs. The financing results in 7,910,691 new shares at $0.065 each, with insider participation amounting to $56,550. The company is poised for geological activities aimed at identifying future drilling targets on its gold, copper, and silver projects.
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