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Golden State Mining Ltd. ( (AU:GSM) ) just unveiled an announcement.
Golden State Mining Ltd. announced the successful completion of a $1.5 million placement to sophisticated investors, issuing 187,500,000 new shares at 0.8 cents each, alongside options exercisable at 1.5 cents. The funds will support ongoing gold exploration projects in Western Australia and potential new acquisitions. The company also reported a board change, with Alex Tunnadine joining as a Non-Executive Director and Brenton Siggs stepping down. This strategic move aims to strengthen the company’s exploration and acquisition capabilities, positioning it for aggressive growth in the minerals sector.
More about Golden State Mining Ltd.
Golden State Mining Ltd. is an exploration company focused on gold, lithium, and base metals. The company operates primarily in Western Australia, engaging in exploration projects and seeking new opportunities in the minerals sector.
Average Trading Volume: 1,249,881
Technical Sentiment Signal: Buy
Current Market Cap: A$6.5M
For detailed information about GSM stock, go to TipRanks’ Stock Analysis page.