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North Stawell Minerals, Ltd. ( (AU:NSM) ) has shared an announcement.
North Stawell Minerals Ltd has successfully completed a private placement, raising a total of $1.5 million through the allocation of 16,666,668 ordinary shares at $0.03 per share. This funding, sourced from sophisticated and strategic gold investors, is expected to bolster the company’s exploration efforts 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 highly prospective 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 total land area of 504 square kilometers.
Average Trading Volume: 473,267
Technical Sentiment Signal: Buy
Current Market Cap: A$12.38M
See more insights into NSM stock on TipRanks’ Stock Analysis page.