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Variscan Mines Limited ( (AU:VAR) ) has issued an update.
Variscan Mines Limited, a company listed on the Australian Securities Exchange under the ticker VAR, has successfully completed the first tranche of its $2.5 million fundraise. The initial tranche raised approximately $587,143 through the issuance of over 117 million ordinary shares at $0.005 per share, supported by new sophisticated and professional investors. This capital injection is expected to bolster Variscan’s financial position and potentially enhance its market operations, with the issuance of options pending shareholder approval.
More about Variscan Mines Limited
Technical Sentiment Signal: Sell
Current Market Cap: A$3.91M
See more insights into VAR stock on TipRanks’ Stock Analysis page.