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An announcement from Freehill Mining Ltd. ( (AU:FHS) ) is now available.
Freehill Mining Limited has secured commitments for a $300,000 non-brokered placement, involving the issuance of 75,000,000 shares at $0.004 per share. The funds will be used for capital expenditures in Chile and working capital, with the Chairman contributing $125,000. The company is optimistic about improving sales and margins in its aggregates business and is exploring higher value commodity opportunities to enhance shareholder value.
More about Freehill Mining Ltd.
Freehill Mining Limited operates in the mining industry, focusing on aggregate processing operations in Chile. The company is dedicated to improving sales and margins through capital expenditure on new plant and equipment, aiming to establish a stable and profitable revenue stream.
Current Market Cap: A$13.66M
See more insights into FHS stock on TipRanks’ Stock Analysis page.