Rimfire Pacific Mining Limited (AU:RIM) has released an update.
Rimfire Pacific Mining Ltd has announced a successful capital raising effort, securing $1.15 million through a share placement at $0.025 per share, a 10.7% discount on the last closing price. The funds are earmarked to expedite exploration activities at the company’s Broken Hill copper-cobalt project. The placement, which includes new and existing shareholders, also offers free attaching unlisted options, solidifying the company’s financial position and operational momentum.
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