Mamba Exploration Ltd. ( (AU:M24) ) has issued an announcement.
Mamba Exploration Limited has successfully secured commitments to raise $265,000 through a share placement to professional and sophisticated investors at a 14.29% discount to the last closing price. The funds will be used to review the company’s exploration projects, assess new opportunities, and strengthen working capital, positioning the company to advance key projects and maintain strategic financial flexibility.
More about Mamba Exploration Ltd.
Mamba Exploration Limited operates in the mining industry, focusing on exploration projects primarily located in Western Australia. The company aims to identify and develop mineral resources, with a market focus on leveraging opportunities within the exploration sector.
YTD Price Performance: 40.0%
Average Trading Volume: 603,315
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.29M
See more insights into M24 stock on TipRanks’ Stock Analysis page.