Laneway Resources Ltd. ( (AU:SVG) ) has provided an update.
Savannah Goldfields Limited, an Australian company listed on the ASX, has successfully completed its retail entitlement offer, part of a broader equity capital raising initiative. The offer raised approximately $1.3 million, with a total of $2.8 million raised including the institutional component. The shortfall of $1.4 million is fully underwritten, ensuring financial stability. The funds will support the re-commencement of gold mining operations and resource growth activities at their Agate Creek and Georgetown projects.
More about Laneway Resources Ltd.
YTD Price Performance: 10.0%
Average Trading Volume: 648,665
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$12.37M
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