Hamelin Gold to accelerate the exploration in Wa Gold Projects with $ 1.68 million

Hamelin Gold, which was inserted into Securities Exchang (ASX)-hahalin Gold, secured fixed obligations from investors, raising approximately $ 2.8 million ($ 1.68 million) before costs, with stock price at a price of $ 0.07 each, to accelerate the exploration of gold in Western Australia (WA).

This financing includes an investment of about $ 815,000 from Gold Fields, a major shareholder in Hamelin, which increased its share to about 17.7 %.

The position also sees the obligations of Hamelin managers for about $ 100,000 in stocks.

The net returns from the position will mainly fund exploration activities in the 100 % gold company projects.

In the West Tanami area, the inverse blood circulation (RC)/Diamond Drilling in Jazz and Fallnies, Aircore/RC digging in camels, SW, HUTCH and Ginger, and extending high geological samples across the non -tested golden targets.

In the Yilgarn area, the investment will enable the A Anderson Gold Anomaly, and follow the RC Drilling in Ulaaring and the first Aircore excavation test for the priority gold goals in the Venus project, as well as providing public worker capital.

The status of the endless limbs will be used to the current position capabilities of Hameen under the ASX 7.1 and 7.1A menu, which amount to 23.02 million and 15.75 million new shares, respectively.

Securities for managers and Cygnet Capital served as major managers for the region.

They are scheduled to get a total of two million options, which can be exercised at $ 0.15 per 24 months, taking into account the approval of the shareholders at a plan planned in May 2025.

The Hamelin shareholder base includes gold mining companies such as Gold Fields and Vauult Minerals.

“We are very appreciated by the constant support from our current shareholders and we welcome the new shareholders at an exciting time for the company,” said Peter Beyck, Managing Director of Hamelin.

“During the next few months, we will test a set of wide golden goals in West Tanami and through our golden projects in Yilgarn. We look forward to providing shareholders with updates about the progress of these activities and with receiving the results.”

“Hamelin Gold to accelerate the exploration in Wa Gold Projects with $ 1.68 million” was created and originally published Mining technologyThe brand owned by Globaldata.

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