Treasury Metals (TSE:NEXG) has released an update.
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NexGold Mining Corp and Signal Gold Inc have successfully closed an upsized concurrent financing, raising $18.5 million to advance their gold projects in Northern Ontario and Nova Scotia. This strategic move is part of a proposed arrangement where NexGold will acquire all shares of Signal, aiming to become a near-term gold developer. The funds will be utilized for debt retirement, project exploration, and general corporate purposes.
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