Stellar Resources Limited (AU:SRZ) has released an update.
Stellar Resources Limited has successfully issued over 137 million new shares at $0.019 each to sophisticated and professional investors, as part of their Tranche 2 Placement previously announced and approved. The funds raised will bolster the development of their high-grade Heemskirk Tin Project in Tasmania, which is the highest-grade undeveloped tin resource in Australia and third globally. Additionally, the company has made a significant new polymetallic discovery at its North Scamander Project, promising further exploration targets.
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