Nine Mile Metals Raises $4.63 Million in Private Placement
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Nine Mile Metals Ltd. has successfully completed a private placement, raising $4.63 million by issuing 24,374,997 units at $0.19 each. Each unit includes one common share and one warrant, allowing the purchase of an additional share at $0.30 for two years. The funds will support exploration in the Bathurst Mining Camp and cover administrative costs. The offering was conducted under the listed issuer financing exemption and is not registered in the U.S. Finders fees and warrants were also issued as part of the transaction.
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