Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Flynn Gold Ltd. ( (AU:FG1) ) has provided an announcement.
Flynn Gold Ltd. has announced a renounceable pro-rata rights issue to raise approximately $3 million. The offer includes one new share for every three shares held, with additional options attached. The rights issue is partially underwritten by Mahe Capital Pty Ltd for $1.5 million. This initiative aims to strengthen Flynn Gold’s financial position, potentially enhancing its exploration and development activities in the gold sector.
More about Flynn Gold Ltd.
Flynn Gold Ltd. operates in the mining industry, focusing on the exploration and development of gold projects. The company is primarily engaged in identifying and advancing gold resources in Australia and New Zealand.
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.