Sipa Resources Secures $737k in Share Placement

Sipa Resources Limited (AU:SRI) has released an update.

Sipa Resources Limited has successfully raised $737,425 through a share placement, issuing over 56 million shares at 1.3 cents each. This marks the first part of a two-tranche plan to raise a total of $1.75 million, with the second tranche pending shareholder approval in February 2025. The funds are expected to support Sipa’s exploration projects, including prospective gold and base metal ventures in Australia.

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