Beacon Minerals Launches $10.3M Capital Raise

Beacon Minerals Limited (AU:BCN) has released an update.

Beacon Minerals Limited is set to raise approximately $10.3 million through a fully underwritten non-renounceable entitlement issue, offering new shares at a significant discount, with each shareholder eligible to receive a free option for every new share purchased. The company has garnered strong support with $3.2 million in firm commitments from existing shareholders, including directors. The capital raised will fund mill optimization, various mining project developments, and bolster general working capital.

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