Perseverance Metals closes non-brokered private placement raising $11.78 million

• Perseverance Metals closed a non-brokered private placement of 18,121,426 common shares at $0.65 per share.
• Gross proceeds totaled $11.78 million, with Teck Resources, Altius Minerals, Crescat Capital, NQIM among participating investors.
• Net proceeds earmarked for diamond drilling at the Voyageur project in Michigan, exploration in Québec and Ontario, general corporate purposes.
• Finder fees included $42,543 cash, 65,450 finder’s warrants exercisable at $0.65 for 24 months.

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