The latest update is out from Dreadnought Resources Limited ( (AU:DRE) ).
Dreadnought Resources Limited has successfully settled the first tranche of a placement, issuing 288 million shares to raise $2.88 million. Additionally, it has issued shares to Black Cat Syndicate Ltd to raise an additional $1 million, with further investments by the company’s directors awaiting shareholder approval. This capital raising strengthens Dreadnought’s financial position, potentially enhancing its operations and influence in the mining sector.
More about Dreadnought Resources Limited
Dreadnought Resources Limited is a company involved in the mining industry, focused on resource exploration and development. Its primary products or services include the exploration of mineral resources, and it aims to grow its market presence through strategic investments and partnerships.
Average Trading Volume: 3,830,247
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$41.48M
See more insights into DRE stock on TipRanks’ Stock Analysis page.