tiprankstipranks
Poseidon Nickel Raises $1.4M for Gold Exploration
Company Announcements

Poseidon Nickel Raises $1.4M for Gold Exploration

Poseidon Nickel Limited (AU:POS) has released an update.

Don't Miss our Black Friday Offers:

Poseidon Nickel Limited has raised approximately $1.4 million before costs through its recent entitlement offer, achieving a 38% take-up rate by eligible shareholders. The offer included new shares and options, with the issue and trading of these new shares expected to commence on the 3rd and 4th of September 2024, respectively. The company plans to use the funds to advance gold exploration at its Black Swan, Lake Johnston, and Windarra projects.

For further insights into AU:POS stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskPoseidon Nickel Secures Shareholder Support for Future Growth
TipRanks Australian Auto-Generated NewsdeskPoseidon Nickel Highlights Strategic Assets and Resources
TipRanks Australian Auto-Generated NewsdeskPoseidon Nickel and Horizon Minerals Announce Strategic Merger
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App