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North Stawell Minerals, Ltd. ( (AU:NSM) ) has provided an update.
North Stawell Minerals Ltd has successfully completed a $1 million private placement by allocating 33,333,335 ordinary shares at $0.03 per share to sophisticated and strategic gold investors. This capital raising effort is part of a larger initiative to raise $1.5 million, which will support the company’s exploration activities in the Stawell Mineralised Corridor, potentially enhancing its position in the gold exploration industry.
More about North Stawell Minerals, Ltd.
North Stawell Minerals Ltd (ASX: NSM) is an Australian-based gold exploration company focused on discovering large scale gold deposits in the Stawell Mineralised Corridor in Victoria. The company is exploring tenements along the Stawell Gold Field, which has historically produced over five million ounces of gold, with a focus on uncovering large gold mineralised systems.
Average Trading Volume: 559,602
Technical Sentiment Signal: Sell
Current Market Cap: A$10.7M
See more insights into NSM stock on TipRanks’ Stock Analysis page.