An announcement from Laneway Resources Ltd. ( (AU:SVG) ) is now available.
Savannah Goldfields Limited has announced a capital raising initiative to generate approximately $9.91 million through a combination of share placements and an entitlement offer. The initiative includes a fully underwritten placement of shares to an entity associated with Mr. Wes Maas, a pro rata accelerated non-renounceable entitlement offer, and a further placement to institutional and sophisticated investors. The entitlement offer is structured into an institutional component and a retail component, with eligibility criteria excluding certain shareholders based on geographic and regulatory considerations.
More about Laneway Resources Ltd.
YTD Price Performance: 0.0%
Average Trading Volume: 185,440
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$5.62M
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