North Stawell Minerals Raises $1.3 Million for Expansion

North Stawell Minerals, Ltd. (AU:NSM) has released an update.

North Stawell Minerals Ltd has successfully raised approximately $1.3 million through a non-renounceable entitlement offer and a single tranche placement, aimed at funding exploration drilling and general working capital. The entitlement offer, priced at $0.01 per share, was underwritten by Henslow Pty Ltd and faced a shortfall, which will be addressed through a shortfall bookbuild process. This financial maneuver is part of the company’s broader strategy to bolster its operational capacity and exploration initiatives.

For further insights into AU:NSM stock, check out TipRanks’ Stock Analysis page.