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Enegex Completes Famien Acquisition and $5M Placement

Story Highlights
  • Enegex Limited has acquired Famien Resources, expanding its gold exploration portfolio.
  • The company completed a $5 million share placement to strengthen its capital structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Enegex Completes Famien Acquisition and $5M Placement

TipRanks Black Friday Sale

Enegex Limited ( (AU:ENX) ) has shared an announcement.

Enegex Limited has completed the acquisition of Famien Resources Pty Ltd, securing a 3,700 km² portfolio of gold-prospective exploration permits in Côte D’Ivoire. Additionally, the company has finalized a $5 million share placement, enhancing its capital structure and potentially strengthening its position in the exploration sector.

More about Enegex Limited

Enegex Limited operates in the exploration industry, focusing on gold-prospective exploration permits and applications. The company is expanding its market presence in Côte D’Ivoire through strategic acquisitions.

Average Trading Volume: 234,832

Technical Sentiment Signal: Buy

Current Market Cap: A$14.48M

Learn more about ENX stock on TipRanks’ Stock Analysis page.

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