Navarre Minerals Limited (AU:NML) has released an update.
Navarre Minerals Limited is emerging from financial distress, having raised $1.7m to exit external administration and is now planning a capital raise of $4m-$6m to fund exploration and working capital without repaying pre-administration debt. The company, known for its Victorian gold exploration projects, has restructured its board and is inviting shareholders to support the recapitalization by voting in the upcoming Annual General Meeting. New and existing investors have the opportunity to participate in the company’s valuation reset and potential growth, with a cornerstone investment of $1m already committed by Dunkeld Pastoral Co Pty Ltd.
For further insights into AU:NML stock, check out TipRanks’ Stock Analysis page.
