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Paterson Resources ( (AU:PSL) ) has issued an update.
Paterson Resources Limited has announced a capital raising initiative consisting of a 1 for 8 pro-rata non-renounceable entitlement offer and a placement of shares to raise approximately $1.09 million and $910,000 respectively. The funds will be used to advance the Grace Project in Western Australia, cover general working capital, and offset capital raising costs. The entitlement offer includes issuing new shares and options, with a closing date set for 23 October 2025. This move aims to enhance the company’s resource estimates and strengthen its position in the mining sector.
More about Paterson Resources
Paterson Resources Limited is a company operating in the mining industry, focusing on mineral exploration and development projects. Its primary market focus is on expanding and updating mineral resource estimates, particularly through its Grace Project in Western Australia.
YTD Price Performance: 218.18%
Average Trading Volume: 1,930,107
Technical Sentiment Signal: Buy
Current Market Cap: A$19.07M
For detailed information about PSL stock, go to TipRanks’ Stock Analysis page.