I-Minerals (TSE:HCM.H) has released an update.
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Highcliff Metals Corp. has successfully completed a private placement offering, raising $139,500 through the sale of 9,300,000 common shares at $0.015 each. The proceeds are earmarked for general working capital and reducing corporate debt. Notably, an insider participated in the offering, purchasing 600,000 shares under terms adhering to regulatory standards for such transactions.
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