E79 Gold Mines Limited (AU:E79) has released an update.
E79 Gold Mines Limited successfully raised $729,000 through its Share Purchase Plan and subsequent SPP Shortfall Placement, with funds earmarked for exploration of their copper-gold projects and general working capital. With a strong show of support from existing shareholders, the company is set to issue over 20 million new shares to finance its promising Mountain Home and other regional projects. The capital injection will facilitate significant exploration investments, as the company aims to create shareholder value by advancing its mining ventures.
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