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The latest announcement is out from Golden State Mining Ltd. ( (AU:GSM) ).
Golden State Mining Limited has successfully completed a $1.5 million placement at 0.8 cents per share, with the issuance of free options for each share subscribed. This capital raising effort, which received strong support from investors, will fund ongoing gold exploration activities in Western Australia and the evaluation of potential new projects. Additionally, the company has appointed Keith Middleton as the new Managing Director, who will participate in the second tranche of the placement pending shareholder approval. A strategic review is underway to assess existing projects and explore new opportunities, signaling a forward-looking approach to the company’s growth.
More about Golden State Mining Ltd.
Golden State Mining Limited is focused on early-stage exploration for gold and critical minerals in Western Australia. The Company’s projects include the Yule Project in the Pilbara Craton and the Southern Cross East Project in the Yilgarn Craton. Golden State is also actively evaluating new project opportunities.
Average Trading Volume: 1,003,814
Technical Sentiment Signal: Hold
Current Market Cap: A$5.64M
For detailed information about GSM stock, go to TipRanks’ Stock Analysis page.