Raindrop Ventures, Inc. (TSE:TGLD) has released an update.
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Torrent Gold Inc. has successfully completed a non-brokered private placement, issuing 1.5 million common shares to secure $75,000 in funding, alongside settling a debt of almost $288,000 through the issuance of additional shares. Notably, related parties, including certain directors and entities connected to the company’s leadership, participated in the transactions. These strategic financial moves are aimed at alleviating the company’s financial difficulties and strengthening its overall financial position.
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