Greenwing Resources Ltd (AU:GW1) has released an update.
Greenwing Resources Ltd has successfully completed an equity raising of $2.1 million, with significant backing from major shareholders, including a $0.3 million contribution from company directors. The funds are earmarked for the development of Greenwing’s mining projects, maintenance of existing facilities, and general corporate and working capital needs. The shares were offered at a discounted price, with an upcoming shareholder meeting to approve part of the placement.
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