Phenom Announces $1,985,000 Closing of Over-subscribed Private Placement Financing
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Phenom Resources Corp. has successfully closed an over-subscribed private placement financing, raising a total of $1,985,000. The final tranche involved issuing 962,000 units at $0.25 each, generating $240,500.
March 15, 2025 | 12:00 am
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Phenom Resources Corp. completed an over-subscribed private placement, raising $1,985,000. This successful financing could enhance the company's liquidity and support future projects.
The successful completion of an over-subscribed private placement indicates strong investor interest and provides additional capital for Phenom Resources. This can improve the company's financial position and support its growth initiatives, likely having a positive short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100