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Miramar Resources Limited ( (AU:M2R) ) has issued an update.
Miramar Resources Limited has announced a Share Purchase Plan (SPP) aimed at raising up to $1 million to accelerate drilling at its 8 Mile gold prospect within the Gidji JV Project. Eligible shareholders in Australia and New Zealand can purchase up to $30,000 worth of shares at a 20% discount to the average share price. The funds raised will support further exploration following the discovery of significant gold mineralization, potentially enhancing the company’s market position and offering growth opportunities for stakeholders.
More about Miramar Resources Limited
Miramar Resources Limited is a company engaged in the exploration and development of mineral resources, with a focus on gold projects. The company is primarily involved in the Gidji JV Project, where it holds an 80% stake and has recently discovered significant gold mineralization.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.99M
For a thorough assessment of M2R stock, go to TipRanks’ Stock Analysis page.