Sanu Gold Corp. (TSE:SANU) has released an update.
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Sanu Gold Corp. has successfully completed a C$5 million private placement, significantly bolstered by investments from AngloGold Ashanti and Capital Limited, taking 14% and 10% ownership stakes respectively. These investments reflect confidence in Sanu Gold’s potential for major discoveries in its Guinea gold exploration projects. The funds will chiefly finance a 10,000m drilling program and general corporate needs.
For further insights into TSE:SANU stock, check out TipRanks’ Stock Analysis page.