Red Metal Resources Ltd. (TSE:RMES) has released an update.
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Red Metal Resources Ltd. has successfully closed the first tranche of its non-brokered private placement, raising CDN$300,000 through flow-through units and an additional CDN$73,200 through non-flow-through units. The funds will be used for exploration activities in the Quebec region and general working capital needs. The offering is subject to regulatory approvals and a statutory hold period of four months and one day.
For further insights into TSE:RMES stock, check out TipRanks’ Stock Analysis page.