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Taiton Resources Limited ( (AU:T88) ) just unveiled an announcement.
Taiton Resources Limited has announced a capital raising initiative, securing commitments from institutional and professional investors to raise $2 million for its drilling programs. This capital raising, conducted in two tranches, involves issuing new shares at a discounted price, with funds directed towards exploration programs and working capital, potentially enhancing the company’s operational capabilities and market positioning.
More about Taiton Resources Limited
Taiton Resources Limited is a company operating in the mining industry, focusing on exploration and development projects. Its primary activities include drilling programs at its Challenger West and Highway projects.
Average Trading Volume: 27,569
Technical Sentiment Signal: Sell
Current Market Cap: A$5.21M
For a thorough assessment of T88 stock, go to TipRanks’ Stock Analysis page.