Flynn Gold Ltd. (AU:FG1) has released an update.
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Flynn Gold Ltd. successfully closed a rights issue that was met with significant excess demand, raising a total of $2.712 million, surpassing their initial $2.5 million target. The funds will primarily facilitate the advancement of the Trafalgar high-grade gold discovery in Tasmania, with drilling operations already in motion. The company expressed gratitude towards its shareholders and welcomed new investors to its share registry.
For further insights into AU:FG1 stock, check out TipRanks’ Stock Analysis page.