Golden State Mining Completes AU$2.5 million capital raise

On 08 April 2022, Golden State Mining Limited (ASX:GSM) announced the completion of bookbuild to raise AU$2.5 million in a placement to sophisticated and professional investors via issue of 33.3 million new shares at 7.5 cents per share.

The proceeds from capital raise along with cash reserves would be applied towards:

• Four Mile Well, near Laverton WA
• Yule exploration, in the Pilbara region WA
• Payne’s Find, in the Murchison region WA
• Compile as well as evaluate historic data on all five new tenement areas ~3,800km2
• Further exploration programs in 2H CY2022.
• Other working capital requirements

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Suite 1A, Level 2, 802-808 Pacific Highway, Gordon NSW 2072, Australia | 1800 005 780 | info@kapitales.com.au