St James Gold (TSE:LORD) has released an update.
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St. James Gold Corp. has canceled its previously announced private placement and is now offering a new private placement of up to 2,650,000 units to raise a total of up to $219,000. The funds will be used for general corporate purposes, including paying accounts payable and reserving for future payments under a settlement agreement. Additionally, the company has decided not to proceed with a potential acquisition to focus on its mineral exploration business.
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