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E79 Gold Mines Limited ( (AU:E79) ) has issued an update.
E79 Gold Mines Limited has successfully secured $1.8 million through a two-tranche placement to institutional and sophisticated investors at A$0.032 per share, with demand exceeding the commitments accepted. The funds will be utilized for aircore drilling at the Laverton South Gold Project and for working capital, indicating strong investor confidence in the project’s potential and the company’s strategic positioning.
More about E79 Gold Mines Limited
E79 Gold Mines Limited is a West Australian-based exploration company focused on gold mining, particularly at its Laverton South Gold Project.
YTD Price Performance: 105.00%
Average Trading Volume: 1,809,686
Technical Sentiment Consensus Rating: Sell
Find detailed analytics on E79 stock on TipRanks’ Stock Analysis page.