Turaco Gold Ltd (AU:TCG) has released an update.
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Turaco Gold Ltd has successfully secured A$18 million in a recent equity placement, which was in high demand and overbid by more than two times its offer, indicating strong investor confidence. The capital will be directed towards the advancement of its Afema Gold Project in Cote d’Ivoire, with aims to fast-track drilling and develop a maiden JORC Resource estimate. The fundraising also attracted new Australian and European institutional investors, bolstering Turaco’s financial foundation for its West African venture.
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