Freehill Mining Ltd. ( (AU:FHS) ) has provided an announcement.
Freehill Mining Limited has successfully raised $700,000 through a non-brokered placement to sophisticated and professional investors, alongside announcing a pro rata non-renounceable entitlement offer to all eligible shareholders. The funds raised will be utilized to expand its aggregate processing operations in Chile and advance its mining projects. The placement and entitlement offer include attaching options, and the company has outlined a detailed timetable for the issuance of new shares and options. This financial maneuver is expected to enhance Freehill’s operational capacity and strengthen its market position.
More about Freehill Mining Ltd.
Freehill Mining Limited is a company operating in the mining industry, focusing on the extraction and processing of minerals. Its primary operations are centered in Chile, where it manages the Yerbas Buenas magnetite mine and the El Dorado copper-gold project.
Current Market Cap: $7.9M
For an in-depth examination of FHS stock, go to TipRanks’ Stock Analysis page.