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Hamelin Gold Limited ( (AU:HMG) ) has issued an update.
Hamelin Gold Limited has completed the second tranche of its share placement, issuing 1,428,571 new shares at $0.07 each to directors and related parties after shareholder approval. Additionally, the company issued 2,000,000 unlisted options to the joint lead managers of the placement. This capital raising effort strengthens Hamelin’s financial position, supporting its exploration activities in Western Australia’s promising gold regions.
More about Hamelin Gold Limited
Hamelin Gold Limited is an ASX-listed gold exploration company based in Perth, Western Australia. The company holds land in the Tanami Gold Province and Yilgarn District, areas known for high-value, large-scale gold deposits. Hamelin is focused on using new exploration technologies in well-mineralized terrains and is supported by shareholders like Gold Fields Limited and Vault Minerals Limited.
Average Trading Volume: 163,504
Technical Sentiment Signal: Buy
Current Market Cap: A$16.34M
Find detailed analytics on HMG stock on TipRanks’ Stock Analysis page.