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Leocor Mining closes $4M private placement to fund convertible securities and working capital.

Company Fundamentals
26 Mar 2026
TheNewswire
View Source
Bullish
pluang ai news

Leocor Mining Inc. completed a non-brokered private placement, raising $4 million by issuing 80 million units at $0.05 each. Each unit includes one common share and one warrant exercisable at $0.10 for three years. The funds will be used to exercise convertible securities in Intrepid Metals Corp. and for general working capital. An insider purchased 20 million units, a related party transaction exempt from certain regulatory approvals. The securities are subject to a four-month resale restriction and are not registered for sale in the U.S.

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