Australian exploration company Golden Mile Resources Limited (ASX:G88) successfully raised A$350,000 through a non-brokered private placement, which was well supported by the existing and new investors.
The company issued 17.5 million ordinary shares at the issue price of A$0.02 per share to sophisticated and professional investors.
The company would use the funds secured through the placement for supporting its ongoing gold exploration programs at the Leonora East Gold Project and Yuinmery Gold Project. Golden Mine is also assessing several mineral project acquisition opportunities currently.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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