Poseidon Nickel Raises $1.4M for Gold Exploration

Poseidon Nickel Limited (AU:POS) has released an update.

Poseidon Nickel Limited has raised approximately $1.4 million before costs through its recent entitlement offer, achieving a 38% take-up rate by eligible shareholders. The offer included new shares and options, with the issue and trading of these new shares expected to commence on the 3rd and 4th of September 2024, respectively. The company plans to use the funds to advance gold exploration at its Black Swan, Lake Johnston, and Windarra projects.

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