Vancouver, British Columbia, May 28, 2024 – Parallel Mining Corp. (the “Company”) is pleased to announce that it has completed additional closings of a non-brokered private placement for gross proceeds of $100,500 pursuant to which the Company issued 670,000 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. The securities issued pursuant to the additional closings of the Private Placement are subject to a statutory four month hold period ending on September 28, 2024 and September 29, 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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