Brightstar Resources Limited (AU:BTR) has released an update.
Lion Selection Group has increased its investment in Brightstar Resources Limited by $1.5M, for a total of $5.8M, becoming a significant shareholder with a 6.1% stake in the company. This move comes as part of Brightstar’s $24M equity fundraising effort to support its aggressive drilling and development strategy aimed at becoming a large gold producer. Brightstar is poised for growth with a combined gold resource of 3.0Moz across its key projects and plans to initiate production to fund further expansion.
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