Nevada Exploration (TSE:NGE) has released an update.
Nevada Exploration Inc. has successfully completed an oversubscribed private placement offering, raising $605,000 by issuing 5.5 million units at $0.11 each, surpassing the initial target by $55,000. The units include one common share and a warrant, which allows purchasing an additional share at $0.20 within 36 months. The funds raised are earmarked for general working capital and the offering is subject to regulatory approval and resale restrictions.
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