Tuesday, March 19, 2024

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Freehill Mining: Raises $700k from existing investor

Freehill Mining: Raises $700k from existing investor

  • Freehill Mining (FHS) has raised $700,000 through the issue of 14 million shares at an issue price of $0.05 cents each
  • These shares issued to professional and sophisticated investor, Gavin Ross, as well as associated parties
  • Gavin is an existing shareholder in the company, having invested $750,000 in February
  • This money will also provide Freehill with financial flexibility and allow it to advance project development initiatives
  • Then the primary focus is the delivery of a project feasibility study, which has already begun
  • Freehill has ended the day 4.17 per cent in the red with shares trading for 4.6 cents each

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