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Prodigy Gold NL Launches $6.35 Million Entitlement Offer to Boost Exploration Efforts

Story Highlights
  • Prodigy Gold NL is raising up to $6.35 million through a partially underwritten entitlement offer.
  • Funds will advance exploration and development of key gold projects, enhancing Prodigy Gold’s industry position.
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Prodigy Gold NL Launches $6.35 Million Entitlement Offer to Boost Exploration Efforts

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Prodigy Gold NL ( (AU:PRX) ) has provided an update.

Prodigy Gold NL has announced a partially underwritten entitlement offer to raise up to approximately $6.35 million, with major shareholder APAC Resources Limited and Plutus Prospecting Pty Ltd providing partial underwriting. The funds will be used to advance exploration and development of the company’s key gold projects, including the Tanami North and Tanami West projects, and to support ongoing project development and general working capital expenses. This initiative aims to strengthen Prodigy Gold’s operational capabilities and enhance its position in the gold exploration sector.

More about Prodigy Gold NL

Prodigy Gold NL operates in the gold exploration and mining industry, focusing on developing key projects in the Tanami region. The company is engaged in identifying high-potential gold deposits and advancing them towards development.

Current Market Cap: A$7.94M

See more data about PRX stock on TipRanks’ Stock Analysis page.

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