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Fin Resources Limited ( (AU:FIN) ) has shared an update.
Fin Resources Limited announced a funding initiative through the issuance of Convertible Notes, aiming to raise $445,000, subject to shareholder approval. This funding will support project-related working capital and corporate costs, while the company continues its cost reduction initiatives. Additionally, the company plans to issue shares and options as part of remuneration and incentive packages for directors, consultants, and corporate advisors, aligning with its strategy to conserve cash reserves for operational purposes.
More about Fin Resources Limited
Fin Resources Limited operates in the resources sector, focusing on project evaluation and development. The company is engaged in securing working capital and exploring strategic equity investments to expand its project portfolio.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.54M
See more insights into FIN stock on TipRanks’ Stock Analysis page.