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Southern Palladium Ltd. ( (AU:SPD) ) has provided an announcement.
Southern Palladium Limited has successfully raised A$7.26 million through the issuance of 6,600,004 fully paid ordinary shares at A$1.10 per share, marking the completion of the first tranche of its announced placement. This capital raise strengthens the company’s financial position, potentially enhancing its operational capabilities and industry positioning, while maintaining compliance with relevant corporate regulations.
More about Southern Palladium Ltd.
Southern Palladium Limited operates in the mining industry, focusing on the exploration and development of palladium resources. The company is listed on the Australian Securities Exchange (ASX) and the Johannesburg Stock Exchange (JSE), highlighting its market focus on both Australian and South African markets.
Average Trading Volume: 122,441
Technical Sentiment Signal: Buy
Current Market Cap: A$117.6M
Learn more about SPD stock on TipRanks’ Stock Analysis page.