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Golden Mile Resources Ltd. ( (AU:G88) ) has issued an announcement.
Golden Mile Resources Ltd announced a successful private placement to raise $510,823 from institutional and sophisticated investors, issuing 85,137,178 new shares at a discounted price. The funds will be used for exploration at the Pearl Copper Project in Arizona, assessing acquisition opportunities, and general working capital, with the issuance of options contingent on shareholder approval.
More about Golden Mile Resources Ltd.
Golden Mile Resources Ltd is a project development and mineral exploration company focused on a multi-asset and multi-commodity strategy. The company aims to grow through the advancement of core projects, acquisition of high-quality assets, and forming tactical alliances with joint venture partners.
Average Trading Volume: 2,133,186
Technical Sentiment Signal: Sell
Current Market Cap: A$4.35M
See more insights into G88 stock on TipRanks’ Stock Analysis page.