Genmin Ltd. (AU:GEN) has released an update.
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Genmin Ltd. has successfully secured commitments to raise A$10 million through a two-phase placement, backed by both current shareholders and new investors, with significant contribution from its major shareholder, Tembo Capital. The capital raised will fuel the company’s Baniaka project, cover corporate expenses, and provide general working capital. The placement involves issuing new shares at a discount and free attaching options, pending regulatory and shareholder approvals.
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