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An announcement from Laneway Resources Ltd. ( (AU:SVG) ) is now available.
Savannah Goldfields Limited has successfully completed a placement of 79 million new shares and the institutional component of its entitlement offer, raising a total of approximately $2.69 million. This capital raising effort is part of a larger program to raise around $14 million to strengthen the company’s financial position and fund the re-commencement of gold mining operations, with the overall aim of enhancing its resource base and market presence.
More about Laneway Resources Ltd.
Savannah Goldfields Limited is a company in the mining industry, primarily focused on gold mining and processing operations. The company is involved in projects such as the Agate Creek and Georgetown projects, aiming for resource growth and operational expansion.
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.
