The latest update is out from Pursuit Minerals Ltd ( (AU:PUR) ).
Pursuit Minerals Ltd has successfully completed a capital raise, issuing 17,166,668 fully paid ordinary shares at $0.06 each, raising $1,030,000 before costs. The placement was oversubscribed, with Alpine Capital Pty Ltd acting as the lead manager. Shareholder approval is pending for additional options related to the placement. This capital raise is expected to bolster Pursuit’s financial position, potentially enhancing its exploration and development activities, thereby strengthening its market position.
More about Pursuit Minerals Ltd
Pursuit Minerals Ltd is a company operating in the mining industry, focusing on mineral exploration and development. The company is listed on the Australian Securities Exchange (ASX) under the ticker PUR and is involved in various projects aimed at discovering and developing mineral resources.
Technical Sentiment Signal: Buy
Current Market Cap: €3.48M
For an in-depth examination of PUR stock, go to TipRanks’ Stock Analysis page.