Alicanto Minerals Ltd. (AU:AQI) has released an update.
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Alicanto Minerals Ltd. is set to raise up to $1.6 million through a 1-for-5 non-renounceable entitlement offer priced at a significant discount, aiming to fund exploration in Sweden and general working capital. Additionally, company directors have pledged to contribute $123,500 in a separate placement, pending shareholder approval.
For further insights into AU:AQI stock, check out TipRanks’ Stock Analysis page.