Vancouver, British Columbia, January 26, 2024 – Parallel Mining Corp. (the “Company”) is pleased to announce that it has closed the second tranche of a non-brokered private placement for gross proceeds of $596,250 pursuant to which the Company issued 3,975,000 common shares of the Company at a price of $0.15 per share (the “Private Placement”).
The proceeds from the Private Placement will be used for general working capital purposes. All securities issued pursuant to the Private Placement are subject to a statutory four month hold period ending on May 27, 2024 in accordance with applicable securities laws.
For further information, please contact:
PARALLEL MINING CORP.
John Anderson, President & Chief Executive Officer
Parallel Mining Corp. (604) 218-7400 janderson@parallelgold.com
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