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Castle Minerals Limited ( (AU:CDT) ) has provided an announcement.
Castle Minerals Limited has issued 1,075,241 new ordinary shares at $0.06 per share to sophisticated and professional investors, following a placement announced earlier. This strategic move is part of Castle’s ongoing efforts to strengthen its financial position and support its exploration activities in West Africa, particularly in Ghana and Côte d’Ivoire. The issuance was conducted without disclosure under specific provisions of the Corporations Act, demonstrating the company’s compliance with regulatory requirements. This development underscores Castle’s commitment to advancing its projects in a region renowned for its gold mining potential.
More about Castle Minerals Limited
Castle Minerals Limited (ASX: CDT) is a West African gold explorer with a significant tenure position in northern Ghana and eastern Côte d’Ivoire. The company focuses on the Kpali and Kandia Gold Projects in Ghana and has recently expanded its holdings with seven permits in Côte d’Ivoire. Castle operates in the Birimian greenstone belts, known for hosting numerous multi-million-ounce gold mines, and aims to leverage its technical team’s expertise for new gold discoveries.
Average Trading Volume: 669,384
Technical Sentiment Signal: Sell
Current Market Cap: A$10.28M
For an in-depth examination of CDT stock, go to TipRanks’ Overview page.