Hummingbird Resources (GB:HUM) has released an update.
Hummingbird Resources has announced that Pasofino Gold Limited, in which it holds a controlling interest, successfully completed a private placement raising approximately $2.4 million to support its Dugbe Gold Project in Liberia. This move allows Hummingbird to maintain its majority shareholding, albeit slightly reduced to around 50.4%, positioning the company strategically in the mining sector. The raised funds aim to advance exploration and development activities, highlighting Hummingbird’s commitment to expanding its asset base and increasing gold production.
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