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Savannah Goldfields Launches $9.9M Equity Raise to Restart Operations

5:45pm on Sunday 1st of June, 2025 AEST Mining
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Savannah Goldfields Launches $9.9M Equity Raise to Restart Operations

5:45pm on Sunday 1st of June, 2025 AEST
Key Points
  • Pro rata accelerated non-renounceable entitlement offer at $0.015 per share
  • Total equity raising up to approximately $9.91 million including placements
  • Cornerstone investor Wes Maas commits $1.19 million and receives options
  • Funds allocated to operational restart, creditor payments, and exploration
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