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Flynn Gold Launches Renounceable Rights Issue to Fund Golden Ridge Project

Story Highlights
  • Flynn Gold is an Australian company focused on mineral exploration in Tasmania and Western Australia.
  • The company is raising up to $3 million through a rights issue to advance its Golden Ridge Project.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Flynn Gold Launches Renounceable Rights Issue to Fund Golden Ridge Project

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Flynn Gold Ltd. ( (AU:FG1) ) just unveiled an update.

Flynn Gold Ltd has announced the dispatch of its Renounceable Rights Issue Prospectus and Entitlement and Acceptance Forms to eligible shareholders. The offer aims to raise up to $3 million, with a one-for-three rights issue priced at 2.3 cents per new share, and includes free attaching options. The funds raised will primarily support the advancement of Flynn Gold’s Golden Ridge Project, enhancing its operational capabilities and market position.

More about Flynn Gold Ltd.

Flynn Gold Ltd is an Australian mineral exploration company with a diverse portfolio of projects in Tasmania and Western Australia. The company focuses on gold exploration, with ten 100% owned tenements in northeast Tasmania, and also explores for tin, tungsten, zinc, lead, silver, and battery metals. Flynn Gold has established assets in the Pilbara and Yilgarn regions of Western Australia.

Average Trading Volume: 492,728

Technical Sentiment Signal: Sell

Current Market Cap: A$13.04M

For an in-depth examination of FG1 stock, go to TipRanks’ Overview page.

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