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An announcement from Odin Metals Ltd ( (AU:G11) ) is now available.
G11 Resources Limited has successfully raised approximately A$7.5 million through a Two-Tranche Placement, issuing around 300 million new shares to institutional and sophisticated investors at a price of A$0.025 per share. The funds will be used to advance the company’s copper and gold exploration projects in Tasmania and New South Wales, as well as for general working capital. This capital raise positions G11 Resources to potentially make significant mineral discoveries, aligning with its goal of identifying large ore bodies.
More about Odin Metals Ltd
G11 Resources Limited is a company focused on the exploration and development of copper and gold projects. It is actively involved in projects located in Tasmania and New South Wales, Australia, with a strategic aim to define large, globally significant ore bodies.
Average Trading Volume: 1,942,123
Technical Sentiment Signal: Buy
Current Market Cap: A$31.05M
Learn more about G11 stock on TipRanks’ Stock Analysis page.