Gold Mountain Limited ( (AU:GMN) ) has shared an announcement.
Gold Mountain Limited has announced a 1 for 3 pro rata accelerated renounceable entitlement offer to raise approximately $3.05 million. The offer is fully underwritten by existing shareholders and aims to issue over 1.5 billion new shares at a discounted price, with funds directed towards exploration in Brazil, license maintenance in PNG, and corporate costs. Additionally, the company has appointed Mr. Pablo Tarantini as a non-executive director, bringing extensive experience in the mining sector and international trade.
More about Gold Mountain Limited
Gold Mountain Limited is a company engaged in the mining industry, focusing on lithium, copper, and rare earth element (REE) projects primarily located in Brazil and Papua New Guinea (PNG). The company is involved in exploration activities across several regions, aiming to capitalize on the growing demand for these minerals.
Technical Sentiment Signal: Buy
Current Market Cap: A$9.16M
For a thorough assessment of GMN stock, go to TipRanks’ Stock Analysis page.