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An announcement from Caspin Resources Ltd. ( (AU:CPN) ) is now available.
Caspin Resources Limited has completed the second tranche of its $2.1 million capital raising, issuing approximately $0.29 million worth of shares to institutional and sophisticated investors, and $0.10 million to directors. This capital raising, approved by shareholders, includes the issuance of free attaching options, enhancing the company’s financial position for ongoing exploration activities. The successful completion of this tranche underscores Caspin’s strategic efforts to strengthen its capital base, supporting its exploration projects and potentially enhancing its market position in the mineral exploration sector.
More about Caspin Resources Ltd.
Caspin Resources Limited is a mineral exploration company based in Perth, Western Australia, specializing in early-stage exploration and development. The company has three Australian projects focusing on a diverse mix of commodities, including the Bygoo Project in New South Wales, the Yarawindah Brook Project in Western Australia, and the Mount Squires Project in the West Musgrave region. These projects target high-value metals such as tin, nickel, copper, and rare earth elements, positioning Caspin as a significant player in the mineral exploration industry.
Average Trading Volume: 269,734
Technical Sentiment Signal: Sell
Current Market Cap: A$8.74M
See more insights into CPN stock on TipRanks’ Stock Analysis page.