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Southern Palladium Ltd. ( (AU:SPD) ) has issued an announcement.
Southern Palladium Limited has successfully completed its Share Purchase Plan (SPP), which was conducted alongside a two-tranche placement that raised A$20 million. The SPP allowed eligible shareholders to purchase new shares at the placement price, raising an additional A$65,000. The funds from these initiatives will be used to complete a Definitive Feasibility Study and advance mine development activities at the Bengwenyama site. The completion of this capital raise strengthens Southern Palladium’s financial position and supports its strategic goals in advancing its mining projects.
More about Southern Palladium Ltd.
Southern Palladium Limited is a company in the platinum group metals industry. It focuses on developing mining projects, with a particular emphasis on the Bengwenyama site, where it is advancing towards a Final Investment Decision for mine development activities.
Average Trading Volume: 142,515
Technical Sentiment Signal: Buy
Current Market Cap: A$132.3M
See more data about SPD stock on TipRanks’ Stock Analysis page.