Alicanto Minerals Ltd. (AU:AQI) has released an update.
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Alicanto Minerals Ltd announces the successful completion of a non-renounceable entitlement offer, raising approximately A$1.08 million before costs. The proceeds are earmarked for advancing exploration at their Swedish projects and for general working capital. Additionally, Alicanto’s directors have shown their commitment by subscribing to a further A$123,500 in shares, subject to shareholder approval.
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