Forrestania Resources Raises $250,000 for Exploration

Forrestania Resources Limited (AU:FRS) has released an update.

Forrestania Resources Limited successfully raised $250,000 through the placement of shares and options, aiming to support its ongoing gold exploration projects at Bonnie Vale. The company issued 20 million shares at $0.0125 each and 13,764,940 listed FRSOB options to Sandton Capital Advisors for managing the placement. This financial boost reflects strong investor confidence in Forrestania’s exploration endeavors across its Western Australian tenements.

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