First Class Metals - Funding And Corporate Update
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First Class Metals - Funding And Corporate Update
First Class Metals PLC has announced a funding and corporate update, detailing a Convertible Loan Note agreement for £500,000 with an institutional investor. This funding will support the planned drilling campaign on the Dead Otter trend at the North Hemlo Property in Ontario, Canada. Additionally, negotiations for a potential asset sale are progressing well, with funding bridging the timing gap until the transaction closes. Shareholders can expect operational progress updates in the future. The Company aims to unlock shareholder value through asset development and monetization, with a focus on advancing exploration activities. The recent agreement with the Investor reflects confidence in First Class Metals' portfolio and strategy. For more information or questions, please reach out to our team, and we invite investors to engage with us further on this announcement.
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