Quimbaya Gold Inc (TSE:QIM) has released an update.
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Quimbaya Gold Inc. has successfully closed a non-brokered private placement, raising $196,000 through the sale of 653,332 units, each including one common share and one warrant. Additionally, the company settled $213,481 in debt by issuing 711,603 units to creditors. The proceeds will be used for exploration and working capital, with all transactions subject to a four-month hold period under Canadian securities laws.
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