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Zuleika Gold Limited ( (AU:ZAG) ) has issued an announcement.
Zuleika Gold Limited has secured a $5 million funding arrangement to bolster its exploration initiatives and improve its working capital. Of this amount, $3 million is provided by Auracle Group Pty Ltd, controlled by the company’s Chair, Annie Guo, with $2.3 million under a new facility. The terms of the facility include various triggers for maturity and repayment, with a facility fee of $10,000 payable by the repayment date. This funding is expected to enhance Zuleika’s operational capabilities and financial flexibility, potentially impacting its market positioning positively.
More about Zuleika Gold Limited
Zuleika Gold Limited operates in the mining industry, focusing primarily on gold exploration and development. The company is engaged in advancing its exploration programs and enhancing its working capital, indicating a strategic focus on expanding its resource base and financial stability.
Average Trading Volume: 685,069
Technical Sentiment Signal: Buy
Current Market Cap: A$27.63M
Learn more about ZAG stock on TipRanks’ Stock Analysis page.