Starcore International Mine (TSE:SAM) has released an update.
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Starcore International Mines Ltd. has successfully completed a non-brokered private placement, raising $500,000 by issuing over 3 million units at $0.15 each, which includes a common share and a purchase warrant. These funds are earmarked for metallurgical testing of ore at the San Martin Mine in Mexico, with the aim of advancing the company’s precious metals production and expansion goals. Following the financing, the company’s issued and outstanding common shares total stands at 75,530,184.
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