The latest update is out from AustChina Holdings Limited ( (AU:AUH) ).
AustChina Holdings Limited has secured a strategic placement of $412,500 from a sophisticated investor to fund exploration costs for its newly acquired Gold/Antimony prospects in Tasmania and to provide working capital. The placement involves issuing 275,000,000 ordinary shares at a price of $0.0015 per share, a 50% premium to the 15-day VWAP, with shares scheduled for trading commencing on May 3, 2025. This financial move is expected to enhance AustChina’s operational capabilities and strengthen its position in the mineral exploration sector.
More about AustChina Holdings Limited
AustChina Holdings Limited (ASX: AUH) is a junior ASX-listed company focused on energy and mineral resources. The company aims to expand its presence in developing energy markets through strategic investments in minerals and energy projects. Its current portfolio includes the Blackall Coal Project in Queensland, copper exploration interests, and a stake in Organic Waste developer Utilitas Group Pty Ltd.
Current Market Cap: A$2.75M
For detailed information about AUH stock, go to TipRanks’ Stock Analysis page.