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Golden State Mining Ltd. ( (AU:GSM) ) has issued an announcement.
Golden State Mining Limited has successfully raised $1.5 million through a non-brokered placement of 187,500,000 new shares and options to sophisticated investors. The funds will be used to advance current gold exploration projects and explore new acquisition opportunities. The company also announced changes to its board, with Alex Tunnadine joining as a Non-Executive Director and Brenton Siggs resigning. This strategic move positions the company to aggressively pursue its exploration and acquisition goals, supported by strong shareholder backing.
More about Golden State Mining Ltd.
Golden State Mining Limited is an exploration company focused on gold, lithium, and base metals. The company is involved in exploration projects primarily in Western Australia, with a market focus on expanding its portfolio through new project acquisitions.
Average Trading Volume: 5,676,120
Technical Sentiment Signal: Sell
Current Market Cap: A$3.07M
Find detailed analytics on GSM stock on TipRanks’ Stock Analysis page.