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An announcement from Landore Resources ( (GB:LND) ) is now available.
Landore Resources Limited has successfully raised £1,465,000 through a subscription of new ordinary shares, which was significantly oversubscribed by both new institutional investors and existing shareholders. The funds will be used for general working capital and to advance the Mineral Resource Estimate work at the BAM Gold Project, amid strong gold prices that enhance the project’s economic prospects.
More about Landore Resources
Landore Resources Limited is a company operating in the mining industry, focusing on the exploration and development of precious and base metal projects. Its primary market focus is on its Junior Lake Property in Northwestern Ontario, which includes the flagship BAM Gold Project.
Average Trading Volume: 1,713,966
Technical Sentiment Signal: Hold
Current Market Cap: £15.45M
For a thorough assessment of LND stock, go to TipRanks’ Stock Analysis page.