Infinity Mining Limited (AU:IMI) has released an update.
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Infinity Mining Limited has successfully completed a private placement, securing A$2 million to fund strategic acquisitions of GMH Resources and Eastern Victoria Gold Exploration Projects, including the Cangai Project. The placement will issue 106 million new shares at a significant discount, with proceeds aimed at advancing gold and copper exploration and covering general capital needs. The move, orchestrated to enhance shareholder value, excludes participation by company directors and related parties.
For further insights into AU:IMI stock, check out TipRanks’ Stock Analysis page.