Aurumin Ltd. (AU:AUN) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Aurumin Ltd. has completed a $2.2 million private placement, issuing 40 million shares at $0.055 each, bolstered by robust interest from existing institutional shareholders and directors. The funds will support exploration and project development, positioning the company for future growth in a strong gold market. This strategic financial move strengthens Aurumin’s balance sheet, paving the way for potential expansion and shareholder value.
For further insights into AU:AUN stock, check out TipRanks’ Stock Analysis page.