The latest update is out from Dreadnought Resources Limited ( (AU:DRE) ).
Dreadnought Resources Limited announced the successful completion of its Share Purchase Plan (SPP), which was oversubscribed, raising $1,725,600 through the issuance of 143,800,000 shares. The funds will support the advancement of the Mangaroon Gold Project, including resource and regional drilling, mining approvals, and studies. Additionally, the company conducted a placement raising $6,127,600, with a second tranche subject to shareholder approval. This financial boost is expected to enhance Dreadnought’s exploration and production capabilities, reinforcing its position in the gold mining sector.
More about Dreadnought Resources Limited
Dreadnought Resources Limited is a company operating in the mining industry, focusing primarily on gold exploration and production. The company is actively advancing projects such as the Mangaroon Gold Project and is committed to producing high-grade gold ore or concentrate.
YTD Price Performance: 20.0%
Average Trading Volume: 7,374,334
Technical Sentiment Signal: Buy
Current Market Cap: A$56.04M
Learn more about DRE stock on TipRanks’ Stock Analysis page.