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Stavely Minerals Ltd ( (AU:SVY) ) has shared an announcement.
Stavely Minerals Ltd has announced a successful A$1.9 million placement to sophisticated investors at A$0.014 per share, with the proceeds earmarked for drilling and geochemical analysis at its Fairview North and Fairview South gold prospects, as well as working capital. The placement includes options for additional shares and involves director participation, subject to shareholder approval. This capital injection is expected to support the company’s ambitious field programs and enhance its exploration activities, potentially impacting its market positioning and providing significant news flow.
More about Stavely Minerals Ltd
Stavely Minerals Ltd is a mineral exploration company based in Western Australia, focusing on gold prospects. The company is engaged in drilling and geochemical analysis activities, particularly at its Fairview North and Fairview South gold prospects.
Average Trading Volume: 1,298,562
Technical Sentiment Signal: Sell
Current Market Cap: A$9.25M
See more insights into SVY stock on TipRanks’ Stock Analysis page.