Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Enegex Limited ( (AU:ENX) ) has provided an announcement.
Enegex Limited has announced its acquisition of Famien Resources Pty Ltd, a company with a substantial portfolio of gold exploration permits in Côte d’Ivoire. This strategic move is expected to enhance Enegex’s exploration capabilities with drill-ready targets and a significant land package in a region known for its gold potential. The acquisition will also see the addition of experienced personnel to the board, including Paul Roberts and Eric Kondo, to bolster the company’s exploration efforts. To support these initiatives, Enegex has secured commitments for a $5 million share placement, pending shareholder approval.
More about Enegex Limited
Enegex Limited is a company operating in the mining industry, focusing on gold exploration. It is involved in acquiring and developing gold-prospective exploration permits, particularly in Côte d’Ivoire and Western Australia.
Average Trading Volume: 985,102
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$14.09M
Learn more about ENX stock on TipRanks’ Stock Analysis page.