Tambourah Metals Ltd (AU:TMB) has released an update.
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Tambourah Metals Ltd successfully closed its entitlement offer, with 34% of shares being claimed by shareholders, raising A$222,497 for the company. The proceeds will fund exploration projects in goldfields and critical mineral developments, as well as general corporate expenses. Shareholders participating in the offer received additional options, and the company is now placing the remaining shares.
For further insights into AU:TMB stock, check out TipRanks’ Stock Analysis page.