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Laneway Resources Ltd. ( (AU:SVG) ) just unveiled an announcement.
Savannah Goldfields Limited has announced a capital raising program aimed at generating $14 million to bolster its financial standing and fund the restart of gold mining operations at Agate Creek and Georgetown. The program includes multiple placements and an entitlement offer, with significant contributions from key investors like Wes Maas and entities linked to Chairman Stephen Bizzell. This fundraising effort is expected to support various operational needs, including planning, exploration, and debt repayment, positioning Savannah Goldfields for enhanced market operations and stakeholder confidence.
More about Laneway Resources Ltd.
Savannah Goldfields Limited operates in the mining industry, focusing on gold mining and processing. The company is actively engaged in projects at Agate Creek and Georgetown, emphasizing resource growth and mining operations.
YTD Price Performance: 0.0%
Average Trading Volume: 185,440
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$5.62M
For a thorough assessment of SVG stock, go to TipRanks’ Stock Analysis page.
