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Flynn Gold Ltd. ( (AU:FG1) ) has shared an update.
Flynn Gold Limited has issued 70,095,200 fully paid ordinary shares to new and existing professional, sophisticated, and other exempt investors at an issue price of $0.02 per share. This move, announced previously in February 2025, aims to strengthen the company’s capital structure and support its ongoing exploration projects. The issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, and the company confirms compliance with relevant provisions of the Act. This strategic financial maneuver is expected to bolster Flynn Gold’s operational capabilities and enhance its position in the mineral exploration industry.
More about Flynn Gold Ltd.
Flynn Gold Limited is an Australian mineral exploration company with a portfolio of projects in Tasmania and Western Australia. The company owns ten tenements in northeast Tasmania, which are highly prospective for gold, tin, and tungsten. Additionally, Flynn Gold has the Henty zinc-lead-silver project on Tasmania’s west coast and the Firetower gold and battery metals project in northern Tasmania. The company also holds exploration assets in the Pilbara and Yilgarn regions of Western Australia.
YTD Price Performance: -26.67%
Average Trading Volume: 522,092
Technical Sentiment Signal: Buy
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