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Savannah Goldfields Announces Proposed Securities Issue

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Savannah Goldfields Announces Proposed Securities Issue

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The latest announcement is out from Laneway Resources Ltd. ( (AU:SVG) ).

Savannah Goldfields Limited announced a proposed issue of securities, including 15.3 million convertible notes maturing on September 30, 2025, and 500 million fully paid ordinary shares. The issuance is intended to be quoted on the ASX, potentially strengthening the company’s capital structure and supporting its operational growth.

More about Laneway Resources Ltd.

Savannah Goldfields Limited operates in the mining industry, focusing on gold exploration and production. The company is involved in the development of gold assets and is listed on the Australian Securities Exchange (ASX) under the issuer code SVG.

YTD Price Performance: 0.0%

Average Trading Volume: 185,440

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: A$5.62M

See more insights into SVG stock on TipRanks’ Stock Analysis page.

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