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The latest announcement is out from Cornish Metals ( (TSE:CUSN) ).
Cornish Metals Inc. has announced the successful closing of its Retail Offer, raising gross proceeds of £1.371 million through the issuance of 17,143,367 Retail Offer Shares at 8 pence per share. This fundraising effort is part of a broader strategy involving multiple tranches and aims to support the company’s South Crofty tin project. The completion of the Retail Offer is contingent upon shareholder approval and other customary conditions. Upon completion, significant shares will be held by Vision Blue Resources Limited and the National Wealth Fund Limited, potentially impacting the company’s shareholder structure and strategic direction.
More about Cornish Metals
Cornish Metals Inc. is a mineral exploration and development company, primarily focused on the advancement and restart of its South Crofty high-grade tin project located in Cornwall, United Kingdom.
YTD Price Performance: -4.38%
Average Trading Volume: 42,923
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$81.9M
For a thorough assessment of CUSN stock, go to TipRanks’ Stock Analysis page.
