Madison Metals, Inc. (TSE:GREN) has released an update.
Madison Metals Inc. has successfully completed the second tranche of its non-brokered private placement, raising CDN$301,000 by issuing 860,000 units at CDN$0.35 each. This follows the first tranche which raised CDN$1,074,360. The proceeds will primarily fund drilling activities at the Khan uranium discovery in Namibia, alongside acquisition costs and general corporate expenses.
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