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The latest update is out from Horseshoe Metals Limited ( (AU:HOR) ).
Horseshoe Metals Limited has announced a share placement and debt-to-equity conversion to raise $851,000 for its operations. The funds will support the development of the Horseshoe Lights Copper-Gold Project, exploration activities, and general working capital. This strategic financial move includes issuing new shares to sophisticated investors and converting debt into equity, reflecting the company’s efforts to strengthen its financial position and advance its mining projects.
More about Horseshoe Metals Limited
Horseshoe Metals Limited operates in the mining industry, focusing on the exploration and development of copper and gold projects. The company is primarily engaged in advancing its Horseshoe Lights Copper-Gold Project and other tenements in Western Australia and South Australia.
YTD Price Performance: 50.0%
Average Trading Volume: 897,837
Technical Sentiment Signal: Buy
Current Market Cap: A$14.07M
For detailed information about HOR stock, go to TipRanks’ Stock Analysis page.