North Stawell Minerals, Ltd. (AU:NSM) has released an update.
North Stawell Minerals Ltd. is set to raise $1.3 million through a mix of share placement and a fully underwritten entitlement offer to fund its exploration programs at Wildwood and Darlington-Caledonia. The company has secured commitments for the placement at $0.01 per share, totaling $0.2 million, with the entitlement offer expected to bring in an additional $1.1 million. This capital injection is aimed at advancing North Stawell Minerals to the production phase more rapidly, especially in light of high gold prices.
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