Scandium Canada Completes Multi-Tiered Private Placement

Imperial Mining Group Ltd. Class A (TSE:SCD) has released an update.

Scandium Canada Ltd. has successfully completed a non-brokered private placement, raising $287,000 through a Hard Cash Offering and $132,500 via a Flow-Through Offering. The funds will primarily support general corporate and working capital needs, excluding payments to related parties or investor relations activities. Both offerings involved issuing units that include common shares and warrants, with a holding period for the Hard Cash Offering securities.

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