Venture Minerals Limited (AU:VMS) has released an update.
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Venture Minerals Ltd has successfully raised approximately A$609,000 through its share purchase plan (SPP), with shareholders fully subscribing to the new share offering at A$0.019 each. The raised capital will be directed towards their Jupiter project, focusing on exploration drilling and related studies, and the company is looking forward to a rebranding as Critica Limited. This funding is part of a larger capital raising effort, with a total of A$6.8 million raised before costs, and an additional tranche is expected to generate A$2.29 million more.
For further insights into AU:VMS stock, check out TipRanks’ Stock Analysis page.