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Midas Minerals Limited ( (AU:MM1) ) has issued an update.
Midas Minerals Limited has announced the issuance of 31,019,918 fully paid ordinary shares at $0.15 each, raising approximately $4.65 million under the first tranche of their Placement. The company plans a second tranche to raise an additional $1.85 million, pending shareholder approval. This strategic move is aimed at bolstering the company’s financial position and supporting its growth initiatives, potentially enhancing its market presence and stakeholder value.
More about Midas Minerals Limited
Average Trading Volume: 273,183
Technical Sentiment Signal: Buy
Current Market Cap: A$32.33M
See more insights into MM1 stock on TipRanks’ Stock Analysis page.