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Viking Mines Limited ( (AU:VKA) ) just unveiled an update.
Viking Mines Limited has updated its previously announced capital raising to increase Tranche 2 of its placement by an additional 40 million shares, as disclosed in a new Appendix 3B filing with the ASX. The enlarged placement, which remains subject to shareholder approval at an upcoming general meeting, is intended to provide the company with increased funding capacity, potentially strengthening its balance sheet and supporting ongoing project and exploration activities, with implications for existing shareholders through further equity issuance.
More about Viking Mines Limited
Viking Mines Limited is an ASX-listed resources company (code VKA) operating in the mining and exploration sector. The company focuses on acquiring and developing mineral assets, seeking to advance projects through exploration, development, and potential production to create value for shareholders in the resources market.
Average Trading Volume: 25,222,725
Technical Sentiment Signal: Sell
Current Market Cap: A$13.6M
For detailed information about VKA stock, go to TipRanks’ Stock Analysis page.