Sunrise Resources (GB:SRES) has released an update.
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Sunrise Resources plc has announced raising £201,500 through issuing 403 million new shares at 0.05p each, which matched the market’s closing bid price. The fundraising includes both a placing and a subscription, with Executive Chairman Patrick Cheetham investing £50,000. The proceeds will be used for general working capital and further exploration of the company’s mineral projects.
For further insights into GB:SRES stock, check out TipRanks’ Stock Analysis page.
