Nimy Resources Limited (ASX: NIM) announced it has received firm commitments for an AU$1.217 million placement. The placement involves issuing 24.34 million shares at 5 cents per share to sophisticated, professional, and otherwise exempt investors, including the company's directors. The funds raised from the placement, combined with the company's existing cash reserves, will be used for drilling campaigns at Masson Discovery, Block 3, and Vera's Gossan Prospect, electromagnetic surveys at these locations, induced polarization surveys at Block 3 Prospect, and for working capital purposes.
The strong support from existing and new shareholders for this placement demonstrates investors' confidence in the company's ongoing exploration activities. This reaffirms its commitment to its shareholders as it progresses into the next drilling stage in three targets across multiple commodities, such as copper, nickel, cobalt, and PGEs.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website 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.
