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Golden Mile Resources Ltd (ASX:G88)

ALERT: Price-sensitive ASX Announcement for G88
Current share price for G88 : $0.009 0.001 (6.25%)+
Announcement
Release
22 Aug 2025 9:48AM
Price at Release
$0.008
Full Release
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Summary
Golden Mile Resources Ltd (ASX: G88) has announced a private placement to raise approximately $510.8K. The funds will be raised through the issuance of 43 million fully paid ordinary shares at an issue price of $0.01188 per share to sophisticated and professional investors. The placement aims to support ongoing exploration and development activities, with a strong focus on the company’s gold and critical minerals projects. The company expresses appreciation for continued investor support and outlines that the placement will enhance G88's financial flexibility and strengthen its balance sheet as it progresses its strategic objectives.
Key Points
  • Golden Mile Resources Ltd (G88) to raise approximately $510.8K via private placement.
  • 43 million fully paid ordinary shares will be issued at $0.01188 per share.
  • Funds will be raised from sophisticated and professional investors.
  • Proceeds will support ongoing exploration and development activities.
  • Focus remains on gold and critical minerals projects.
  • Placement strengthens the company’s financial position and flexibility.
  • Company appreciates ongoing investor support.
  • Placement aligns with G88’s strategic business objectives.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.