09:50 AM EDT, 03/13/2026 (MT Newswires) -- Central Iron Ore (CIO.V) said Friday that it has closed its private placement financing to raise $317,998.94 in proceeds.

The company issued 4,416,652 units priced at $0.072 per unit. Each unit comprises one share and one warrant. Each warrant can be exercised for $0.12 per share until Oct. 15, 2030.

Central Iron Ore plans to use the proceeds for contribution to its South Darlot joint venture and fund drilling at the British King mine. Both properties are located in British Columbia.

The company also plans to use the funds for corporate and general working capital purposes.

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