Matsa Resources Limited (AU:MAT) has released an update.
Matsa Resources Limited has successfully raised $2.37 million through a strategic share placement at $0.028 per share to fund the advancement of the Devon Pit Gold Mine and cover working capital needs. The placement was supported by Matsa’s largest shareholder, Deutsche Balaton, and welcomed Bulletin Resources Limited as a new substantial shareholder. The company is progressing towards the commencement of mining activities with various studies and discussions underway.
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