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Flynn Gold Ltd. ( (AU:FG1) ) has provided an update.
Flynn Gold Ltd. has announced a renounceable rights issue to raise up to $3 million, priced at 2.3 cents per share, with a partial underwriting of $1.5 million by Mahe Capital. The funds will be used to advance drilling programs in Tasmania, potentially enhancing the company’s exploration capabilities and market positioning.
More about Flynn Gold Ltd.
Flynn Gold Ltd. operates in the mining industry, focusing on exploration and development activities. The company is primarily involved in gold exploration projects, with a market focus on advancing its projects in Tasmania.
Average Trading Volume: 473,217
Technical Sentiment Signal: Buy
Current Market Cap: A$11.35M
For an in-depth examination of FG1 stock, go to TipRanks’ Overview page.