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An announcement from Wishbone Gold ( (GB:WSBN) ) is now available.
Wishbone Gold Plc has successfully raised £1.5 million through the issuance of 120 million new ordinary shares, priced at 1.25 pence each. This capital boost will significantly enhance the company’s exploration activities at its Red Setter Gold Dome target, leveraging the favorable exchange rate between the British Pound and the Australian dollar to extend drilling operations well into the next year. The new shares are expected to commence trading on AIM and AQSE markets by early September, with CMC Markets acting as the sole placing agent.
More about Wishbone Gold
Wishbone Gold Plc operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in expanding its drilling efforts at its key Red Setter Gold Dome target near the Telfer Gold Mine.
Average Trading Volume: 152,048,944
Technical Sentiment Signal: Buy
Current Market Cap: £36.85M
Learn more about WSBN stock on TipRanks’ Stock Analysis page.