Midas Minerals Raises $4.65 Million in Share Placement

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

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