2023-06-12 09:00:09 ET
- Aranjin Resources ( OTCPK:ASXFY ) has announced a non-brokered private placement of up to $1M through the sale of units of the Co. at a price of $0.02 per Unit .
- Each Unit is comprised of one common share and one common share purchase warrant with each warrant exercisable for one common share at a price of $0.05/share for a period of 24 months from closing.
- The proceeds of the Private Placement will primarily be used to fund the ongoing exploration program at the Victory Nickel Discovery where an active exploration program is currently underway.
- The Company also plans to complete a deep drill hole on the Bayan Undur Copper Project mining licences.
- The Private Placement is anticipated to close on or about June 22, 2023.
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Aranjin Resources announces private placement