Aranjin Resources ( (TSE:ARJN) ) has shared an update.
Aranjin Resources Ltd. has announced a non-brokered private placement to raise $650,000, part of which will convert existing loans into equity. The proceeds will support its projects in South Australia and Mongolia and general working capital. Additionally, the company has settled debts amounting to $219,100 by issuing common shares. These transactions are subject to regulatory approvals, and insider participation in the offering constitutes a related party transaction.
More about Aranjin Resources
Aranjin Resources Ltd. operates in the mining industry, with a focus on maintaining projects in South Australia and Mongolia.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.42M
See more insights into ARJN stock on TipRanks’ Stock Analysis page.