Raiden Resources Limited (AU:RDN) has released an update.
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Raiden Resources Limited has successfully completed a $10 million placement, issuing 312,500,000 shares at 3.2 cents each to sophisticated, professional, and institutional investors. This influx of capital is set to fund extensive drilling activities at their Andover North and South lithium projects, as well as the Vuzel Gold Project, with a total of up to 18,000 meters of drilling planned. The strategic move underscores Raiden’s commitment to advancing its exploration portfolio and potential mineral discoveries.
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