An announcement from Arrow Minerals Limited ( (AU:AMD) ) is now available.
Arrow Minerals Limited has announced the issuance of 33,197,478 ordinary shares and 102,809,212 unlisted options as part of their capital raising efforts, generating $1,261,504. This move is part of the company’s strategy to enhance its financial position and support its ongoing projects in Guinea, potentially impacting its market positioning and stakeholder interests positively.
More about Arrow Minerals Limited
Arrow Minerals Limited is focused on creating value for shareholders through the discovery and development of mineral deposits into producing mines. The company is currently working on two projects in Guinea, West Africa: the Simandou North Iron Project and the Niagara Bauxite Project. Both projects are strategically located near the Trans-Guinean Railway, offering significant logistical advantages.
YTD Price Performance: -25.00%
Average Trading Volume: 2,685,083
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$22.16M
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