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Highcliff Metals Completes Private Placement, Investor Acquires Major Stake

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Highcliff Metals Completes Private Placement, Investor Acquires Major Stake

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I-Minerals ( ($TSE:HCM.H) ) has provided an announcement.

Highcliff Metals Corp. has successfully closed a non-brokered private placement, raising approximately $249,995.88 through the issuance of 4,166,598 common shares at $0.06 per share. A significant portion of this offering was acquired by Antanas Guoga, who now holds a 36.22% stake in the company. The funds raised will be used for general working capital, corporate debt, and costs associated with seeking new business opportunities, potentially impacting the company’s future direction and stakeholder interests.

More about I-Minerals

Highcliff Metals Corp. operates in the mining industry, currently without any mineral properties, and is focused on identifying and acquiring new mineral properties.

Average Trading Volume: 3,509

Technical Sentiment Signal: Buy

Current Market Cap: C$933.7K

For detailed information about HCM.H stock, go to TipRanks’ Stock Analysis page.

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