Gold 50 Ltd. (AU:G50) has released an update.
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Gold 50 Ltd. has successfully completed an institutional placement, raising A$5.6 million to fund drilling programs at its White Caps project in Nevada and Golconda project in Arizona. The placement, priced at A$0.15 per share, garnered strong backing from both existing and new institutional investors, highlighting confidence in the company’s strategic project locations and growth potential. The funds will also cover administrative costs and working capital, supporting the company’s aggressive expansion plans.
For further insights into AU:G50 stock, check out TipRanks’ Stock Analysis page.