Vertex Minerals Ltd. (AU:VTX) has released an update.
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Vertex Minerals Ltd. has secured $2.1 million through a strategic placement and convertible loan financing to advance the Reward Gold Mine, with funds earmarked for acquiring an Ore Sorter, conveyance equipment, and an Underground Drill Rig. The capital raised, priced at $0.16 per share before costs, will also support working capital needs and is aimed at boosting gold production by January 2025. Shareholder meetings are anticipated to ratify the capital raising and approve related option issues.
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