Nine Mile Metals Announces Non-Brokered Private Placement
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Nine Mile Metals Ltd. plans a non-brokered private placement to raise $300,000 by issuing 8,571,428 flow-through units at $0.035 each.
December 19, 2024 | 11:30 pm
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Nine Mile Metals Ltd. is conducting a non-brokered private placement to raise $300,000, potentially impacting its stock liquidity and capital structure.
The private placement aims to raise capital, which could improve the company's financial position. However, the issuance of new units may dilute existing shares, balancing the potential positive impact on liquidity with dilution concerns.
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