Scandium Canada Readies Third Tranche of Private Placement

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

Scandium Canada Ltd. is set to close a third tranche of its non-brokered private placement, targeting a total of $3 million by issuing flow-through shares at $0.05 each, accompanied by warrants. The funds raised are primarily to finance the company’s exploration and environmental data collection at its Crater Lake property. The offering also includes a provision allowing for an accelerated warrant expiry if the share price exceeds $0.18 for ten consecutive days.

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