Aurumin Ltd. (AU:AUN) has released an update.
Aurumin Ltd. has successfully paid off its remaining Convertible Note, leaving the company debt-free with a robust cash position, ready to drive growth. The company raised $2.5 million through a capital raise that saw overwhelming investor interest, and it’s pushing forward with its Sandstone Gold Project, having commenced and completed drilling on new targets post-quarter. With recent expansions in their exploration tenements and a focus on increasing their operational footprint, Aurumin is set for potential future production.
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