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Savannah Goldfields Launches $9.9M Equity Raise to Restart Operations

10:45am on Monday 3rd of February, 2025 AEDT Mining
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Savannah Goldfields Launches $9.9M Equity Raise to Restart Operations

10:45am on Monday 3rd of February, 2025 AEDT
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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