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An announcement from Felix Gold Ltd. ( (AU:FXG) ) is now available.
Felix Gold Limited has successfully completed the issuance of 82,041,410 new fully paid ordinary shares at $0.155 each, raising $12.7 million. The company plans to hold a general meeting to consider issuing an additional 27,636,010 shares to raise a further $4.3 million. This capital raising effort is part of Felix Gold’s strategy to strengthen its financial position and support its exploration activities in the Fairbanks Gold District, enhancing its industry positioning and offering potential benefits to stakeholders.
More about Felix Gold Ltd.
Felix Gold Limited (ASX: FXG) is an ASX-listed gold discovery company operating in the Tintina Gold Province of Alaska, USA. The company holds a significant landholding in the Fairbanks Gold District, a major gold production center, and is focused on exploring and developing gold projects in this region. Felix Gold aims to become a leading gold exploration business in the Tintina Province by pursuing Tier 1 gold discoveries.
Average Trading Volume: 1,793,382
Technical Sentiment Signal: Buy
Current Market Cap: A$54.27M
See more data about FXG stock on TipRanks’ Stock Analysis page.