Mt Malcolm Mines NL (AU:M2M) has released an update.
Mt Malcolm Mines NL has announced a successful capital raise of $575,000 through commitments from sophisticated investors, intended to fund the development of their Golden Crown project and other exploration targets. The company’s board members have shown their confidence by collectively participating with $75,000 in the Share Purchase Plan, aligning their interests with shareholders. The raised funds are expected to bolster the company’s balance sheet and facilitate their strategic and operational goals.
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