Iltani Resources Ltd. (AU:ILT) has released an update.
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Iltani Resources Ltd. has successfully raised $2.1 million through a share placement at $0.21 each, a slight discount from the recent average, to fund exploration of its Antimony and Orient projects in Northern Queensland. The placement, supported by new and existing shareholders, also includes a contribution from the company’s directors, pending shareholder approval. The funds will be used for drilling activities, offer costs, and working capital.
For further insights into AU:ILT stock, check out TipRanks’ Stock Analysis page.