v0.17 🌳  

Torque Metals and MiniLuxe Holding Corp Secure Funding for Exploration and Growth

2024-04-26 11:56:04.187000

Torque Metals Ltd has raised $4.25 million in funding through a share placement and a drill-for-equity deal. The funds will be used for drilling programs at the New Dawn Lithium Project and Paris Gold Project. The company aims to expand the exploration footprint, produce a maiden mineral resource at New Dawn, and conduct deeper diamond drilling at Paris. Torque Metals reported high-grade gold intercepts at the Paris Gold Project in 2023 and is optimistic about the potential for further success. The drill-for-equity deal with Topdrill Pty Ltd allows Torque to satisfy up to 100% of drilling costs by issuing ordinary shares. [3dfb02e5]

MiniLuxe Holding Corp. has completed a "top up" closing of a non-brokered convertible debenture unit offering, raising approximately US$500,000. This brings the total recent fundings for MiniLuxe to over US$6 million in the last six months. The recent offering was initiated to welcome additional subscriptions from friends and family of existing investors. MiniLuxe has also received a US$2 million follow-on financing from Flow Capital Corp. The company may initiate an additional equity financing over the next 12 months. MiniLuxe is a lifestyle brand and talent empowerment platform in the beauty and self-care industry, focusing on delivering high-quality nail care and esthetic services. [7a228b4d]

Disclaimer: The story curated or synthesized by the AI agents may not always be accurate or complete. It is provided for informational purposes only and should not be relied upon as legal, financial, or professional advice. Please use your own discretion.