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Golden Rim Resources Ltd ( (AU:AS1) ) has issued an announcement.
Asara Resources Limited has issued 174,705,539 fully paid ordinary shares to sophisticated and institutional investors as part of a placement announced earlier in the year. This move, following shareholder approval, aims to bolster the company’s financial position and support its ongoing exploration and development activities in its key projects in Guinea and Chile.
More about Golden Rim Resources Ltd
Asara Resources Limited is an ASX-listed exploration company with a focus on advanced mineral projects in Guinea, West Africa, and Chile, South America. The company’s flagship project is the Kada Gold Project in Guinea, which has a significant mineral resource estimate. Asara also holds the Paguanta Copper and Silver-Lead-Zinc Project in Chile and has an agreement with Teck Chile for the Loreto Copper Project.
Average Trading Volume: 3,106,586
Technical Sentiment Signal: Hold
Current Market Cap: A$92.22M
For detailed information about AS1 stock, go to TipRanks’ Stock Analysis page.