Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Golden Mile Resources Ltd. ( (AU:G88) ) has provided an announcement.
Golden Mile Resources has notified the ASX of a proposed capital raising through a placement involving up to 121,666,667 new fully paid ordinary shares. The issue is scheduled for 13 March 2026 and is structured to expand the company’s equity base to support its ongoing activities and projects.
In conjunction with the new shares, the company plans to issue up to 60,833,334 options exercisable at $0.01 and expiring on 30 June 2029. The combination of shares and long-dated options provides additional potential future capital inflows and may strengthen Golden Mile’s financial flexibility in the resources sector.
The most recent analyst rating on (AU:G88) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Golden Mile Resources Ltd. stock, see the AU:G88 Stock Forecast page.
More about Golden Mile Resources Ltd.
Golden Mile Resources Ltd is an ASX-listed company in the resources sector, trading under the code G88. The company is involved in exploration and development activities, with funding typically raised through equity placements and associated securities issues on the Australian market.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.41M
For detailed information about G88 stock, go to TipRanks’ Stock Analysis page.