Inomin Mines Secures Initial Financing Boost

Inomin Mines Inc (TSE:MINE) has released an update.

Inomin Mines Inc. has successfully completed the first tranche of its non-brokered private placement financing, raising $80,000 through the issuance of 1.6 million units at $0.05 each. These funds are earmarked for general working capital and advancing the company’s property interests. Each unit consists of one common share and a half warrant, with each whole warrant allowing the purchase of an additional share at $0.10 within a 24-month period.

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