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North Stawell Minerals, Ltd. ( (AU:NSM) ) has shared an update.
North Stawell Minerals Ltd announced the results of its 2 for 9 non-renounceable entitlement offer, which aimed to raise approximately $2.1 million. The offer closed with applications for 17,270,767 new shares, raising about $518,123. The company plans to use the funds for exploration programs at Darlington and other projects, as well as for working capital. The directors have reserved the right to place any shortfall shares within three months, depending on market conditions.
More about North Stawell Minerals, Ltd.
North Stawell Minerals Ltd (ASX: NSM) is an Australian-based gold exploration company focused on discovering large scale gold deposits in the Stawell Mineralised Corridor in Victoria. The company explores tenements along the Stawell Gold Field, which has historically produced over five million ounces of gold, with a total land area of 504 square kilometers.
Average Trading Volume: 314,206
Technical Sentiment Signal: Sell
Current Market Cap: A$12.38M
For a thorough assessment of NSM stock, go to TipRanks’ Stock Analysis page.