09:25 AM EDT, 07/09/2024 (MT Newswires) -- Viscount Mining ( VLMGF ) will raise up to $5 million in a non-brokered private placement through the sale of up to 20 million units at $0.25 each.

Each unit consists of one common share and one share purchase warrant. Each warrant is exercisable for an additional share at $0.30 for two years.

Proceeds will be used for the exploration and development expenses working capital requirements.

Viscount Mining ( VLMGF ) shares were unchanged on Monday, closing at $0.25.