Hawsons Iron Ltd (AU:HIO) has released an update.
Hawsons Iron Ltd has successfully launched a funding round, securing approximately $2.25 million from institutional and sophisticated investors, with an additional $1 million expected from a shareholder placement. The capital raised, offering shares at a discounted price, aims to finance the company’s strategic investor process, pre-feasibility study activities, and general working capital. Company directors have shown their confidence by personally committing $0.25 million to the placement, subject to shareholder approval.
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