Classic Minerals Ltd. (AU:CLZ) has released an update.
Classic Minerals Ltd. has concluded its Rights Issue, raising $135,735.39, a fraction of the targeted $2 million, and plans to address the shortfall by placing the remaining shares in the coming three months. The company also reports ownership of 100% of the gold rights at Kat Gap, with significant inferred and indicated mineral resources totaling 377,946 ounces of gold across their Forrestania Gold Project. Classic Minerals assures that current market announcements are consistent with previously reported material assumptions and technical parameters.
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