Dreadnought Resources Limited (AU:DRE) has released an update.
Dreadnought Resources Limited has secured $3.71 million from investors through a share placement to fund their exploration projects, including niobium drilling at Gifford Creek and Mangaroon gold drilling. The company’s Directors have also increased their stake by $0.21 million, pending shareholder approval, which will bring their total investment to $6.81 million. The raised capital will also support working capital needs.
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