Discovery Alaska Raises $354,000 to Advance Idaho Gold-Silver Exploration

Discovery Alaska Limited ( (AU:DAF) ) has issued an update.

Discovery Alaska Limited has completed a private placement raising $354,000 before costs through the issue of 22.125 million shares at $0.016 per share, a 13% discount to the 10-day VWAP, with investors also receiving one free attaching option for every five shares issued, exercisable at $0.05 within three years. The funds, alongside existing cash reserves, will be directed towards priority exploration at the Boulder Creek Gold-Silver Project in Idaho, assessing additional complementary project acquisitions, and covering corporate and general working capital needs, reinforcing the company’s strategic focus on expanding its North American gold-silver footprint and potentially enhancing its long-term growth prospects.

The most recent analyst rating on (AU:DAF) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Discovery Alaska Limited stock, see the AU:DAF Stock Forecast page.

More about Discovery Alaska Limited

Discovery Alaska Limited (ASX: DAF) is an Australian mineral exploration company with a 100% interest in the Chulitna Gold Project in Alaska, USA, and an option to acquire a 100% interest in the Boulder Creek Gold-Silver Project in Idaho, USA. The company is focused on gold and silver exploration in North America and is led by an experienced board and management team with a track record in exploration, operations and corporate development, aiming to maximise shareholder value through advancing its project portfolio.

Average Trading Volume: 78,962

Technical Sentiment Signal: Buy

Current Market Cap: A$4.22M

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