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Chilwa Minerals Ltd
Chilwa Minerals announced that Maxim Group LLC partially exercised its over-allotment option, resulting in the issuance of 56,834 additional ADSs and gross proceeds of US$317,702. This brings the total gross proceeds from the US offering to approximately US$3.82 million, which will be used for mineral exploration and general corporate purposes. The company currently has 104,922,682 ordinary shares outstanding.…more
Chilwa Minerals Ltd
Chilwa Minerals has completed 80% of its Phase I resource drilling at Mpyupyu West, finishing 218 out of 272 planned holes totaling 2,292 meters. Drilling consistently confirmed a mineralized saprolite layer from near-surface to an average depth of 8.6 meters, with the company planning to transition to resource definition following the completion of drilling in October.…more
Chilwa Minerals Ltd
Chilwa Minerals has completed a US$3.5 million public offering in conjunction with its Nasdaq listing. The offering consisted of 625,000 American Depositary Shares (ADS) and accompanying warrants at a price of US$5.60 per unit, with proceeds earmarked for mineral exploration and general corporate purposes.…more
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Chilwa Minerals Completes US$3.5 Million Public Offering
Chilwa Minerals has closed its underwritten public offering, raising US$3.5 million in gross proceeds. The company intends to use the funds for mineral exploration activities and general corporate purposes.…more
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The trading halt for the newly listed security has been lifted, allowing market participants to resume trading. Investors should check the current quotes and trading status for the asset.…more
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Chilwa Minerals has raised $3.5 million through an offering of 625,000 ADSs and warrants priced at $5.60 per unit. The company plans to use the proceeds for mineral exploration and general corporate purposes while listing its shares on the Nasdaq Capital Market.…more
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