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Laneway Resources Ltd. ( (AU:SVG) ) has provided an announcement.
Savannah Goldfields Limited has announced a pro rata accelerated non-renounceable entitlement offer to raise approximately $4.22 million, with an additional conditional offer of up to 300 million new shares to potentially raise $4.5 million more. This fundraising effort is primarily aimed at strengthening the company’s financial position, potentially enhancing its market presence and providing more opportunities for investment, with implications for existing shareholders and prospective investors.
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
Find detailed analytics on SVG stock on TipRanks’ Stock Analysis page.
