Metal Hawk (ASX:MHK) received firm commitments to raise AU$2.5 million through the placement of roughly 6.1 million shares priced at AU$0.41 apiece, according to a Monday filing with the Australian bourse.
Proceeds will be used to fund gold exploration activities at the Leinster South project in Western Australia, the filing said.
Shares rose nearly 5% in midday trade Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.