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Sierra Nevada Gold Inc. (ASX:SNX)

ALERT: Price-sensitive ASX Announcement for SNX
Current share price for SNX : $0.072 0.032 (80%)+
Announcement
Release
25 Sep 2025 9:51AM
Price at Release
$0.040
Full Release
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Summary
Sierra Nevada Gold Inc. (ASX: SNX) has successfully completed a capital raise of A$9.65 million through a Share Placement at A$0.03 per share. The funds will be allocated to advancing exploration and drilling projects in Nevada, USA, and supporting business development activities in Saudi Arabia. The placement received significant interest from both existing and new shareholders. Additionally, Simon Lill, former Chairman of De Grey Mining, has been appointed as Non-Executive Chairman, bringing extensive experience in resource exploration. The placement is structured in two tranches, with the first tranche expected to settle by the end of September and the second tranche pending shareholder approval in November.
Key Points
  • SNX raised A$9.65 million through a Share Placement.
  • Funds will support exploration in Nevada and business development in Saudi Arabia.
  • Simon Lill appointed as Non-Executive Chairman.
  • Placement consists of two tranches, with the second requiring shareholder approval.
  • Strong support from both existing and new shareholders.
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.