Savannah Goldfields: Finance Activities Boost Cash

Laneway Resources Ltd. (AU:SVG) has released an update.

Savannah Goldfields Limited has released its quarterly cash flow report, revealing a net decrease in cash from operating activities, with cash outflows for production, staff, and administration costs. Despite this, the company has experienced a net cash increase due to financing activities, including proceeds from issues of equity securities and borrowings. The overall cash position reflects a net increase for the quarter, bolstered by financing efforts.

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