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Taurus Gold raises up to $3M via convertible debentures to fund operations and exploration.
Taurus Gold Corp. (CSE: TAUR) plans to raise up to $3 million through a non-brokered private placement of unsecured convertible debentures with a 10% annual interest rate, maturing in one year.
The company may prepay the debt without penalty, and debentures can be converted into common shares and warrants at $0.10 per unit.
Proceeds will fund operations, exploration, technology, and investor relations.
The offering requires CSE approval and is subject to regulatory and closing conditions.
Securities issued are subject to a four-month hold period under Canadian law and are not registered for sale in the U.S.
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Taurus Gold recauda hasta $3 millones a través de deuda convertible para financiar operaciones y exploración.