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Laneway Resources Ltd. ( (AU:SVG) ) has shared an announcement.
Savannah Goldfields Limited plans to raise approximately $9.91 million through a combination of fully underwritten placement of new shares and a pro-rata offer. This capital raising initiative involves offering shares to the Cornerstone Investor and institutional investors, and includes free attaching options to the Cornerstone Investor, with funds intended for working capital and other board-determined purposes. This move could impact the company’s operations by strengthening its financial position and potentially enhancing its market influence.
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.
