Peruvian Metals (TSE:PER) has released an update.
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Peruvian Metals Corp. has announced the expansion of its previously announced private placement financing due to overwhelming interest, now offering up to 20 million units for potential gross proceeds of $400,000, which will fund property purchases and general corporate activities. The offering has attracted participation from company insiders, and the funds raised will support the acquisition of the Palta Dorada property and development of the Mercedes property. Additionally, a management cease trade order concerning late financial filings has been lifted.
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