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Coniagas Announces Initial Closing of Private Placement

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Coniagas Battery Metals Inc (TSE:COS) has released an update.

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Coniagas Battery Metals Inc. has announced the initial closing of a non-brokered private placement, issuing over 3.2 million units at $0.12 each to raise $384,140, with plans to extend the placement until September 30, 2024. The proceeds will fund exploration on their Graal property in Quebec and general working capital, with a portion also paying finder’s fees and issuing additional warrants and shares to finders.

For further insights into TSE:COS stock, check out TipRanks’ Stock Analysis page.

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