Quimbaya Gold Inc (TSE:QIM) has released an update.
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Quimbaya Gold Inc. has initiated a private placement aiming to raise up to $3 million by selling units at $0.50 each, with the first tranche already securing $1.24 million. This financing strategy includes share purchase warrants exercisable at $0.75 within a year, with an acceleration clause tied to the company’s stock performance. The capital raised is designated for advancing the company’s projects and supporting general working capital needs.
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