Spanish Mountain Gold (TSE:SPA) has released an update.
Spanish Mountain Gold Ltd. has successfully completed the second and final tranche of its private placement, raising a total of $3.51 million through the sale of both flow-through and non-flow-through units. The proceeds will be used for exploration and development of the Spanish Mountain Gold project in British Columbia, as well as for general working capital purposes. The funding round, which did not involve any finder’s fees, saw participation from company insiders, deemed a related party transaction under certain exemptions.
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