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An update from Megado Gold Ltd. ( (AU:MEG) ) is now available.
Megado Minerals Ltd has successfully completed a share placement to raise A$780,000 by issuing 39 million fully paid ordinary shares at A$0.02 each to two institutional shareholders. The placement, which was executed without brokers, will support the company’s exploration activities at the Iberian Copper Project and general working capital. This strategic move underscores Megado’s commitment to advancing its projects and strengthening its market position in the mining exploration sector.
More about Megado Gold Ltd.
Megado Minerals Ltd (ASX: MEG) is an ASX-listed mining exploration company focusing on critical minerals and gold exploration in the EU and Canada. The company holds an 80% interest in the Iberian Copper Project, which spans 956 km² and includes historic copper mines. Additionally, Megado owns 100% of the Cyclone and K Lithium and Gold Projects in Quebec, Canada, and has an exploration agreement for the North Fork Rare Earth Project in Idaho, USA.
Average Trading Volume: 800,417
Technical Sentiment Signal: Buy
Current Market Cap: A$15.17M
See more insights into MEG stock on TipRanks’ Stock Analysis page.