Odessa Secures AU$2.65 million Placement to Support Growth Strategy
Odessa Minerals Limited (ASX: ODE) has secured firm commitments to raise AU$2.65 million through a placement priced at AU$0.02 per share, reflecting strong backing from existing shareholders. The company plans to utilize the funds to evaluate potential project acquisition opportunities, strengthen working capital, and support future growth initiatives. Directors are also expected to participate in the raising with an additional AU$454,000 investment, subject to shareholder approval.
In a significant board development, Odessa appointed experienced geologist Sam Brooks as Non-Executive Director, replacing Tom Bahen. Brooks brings more than two decades of industry expertise, including leadership roles at Bellevue Gold and Gryphon Minerals, where he contributed to major gold discoveries and project development activities. Management stated that both the capital raising and the board appointment align with Odessa’s strategy of identifying high-quality, value-accretive opportunities in the resources sector. The company believes the strengthened financial position and expanded technical expertise will enhance its ability to advance prospective projects and create long-term shareholder value.
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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.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Odessa Secures AU$2.65 million Placement to Support Growth Strategy
Odessa Minerals Limited (ASX: ODE) has secured firm commitments to raise AU$2.65 million through a placement priced at AU$0.02 per share, reflecting strong backing from existing shareholders. The company plans to utilize the funds to evaluate potential project acquisition opportunities, strengthen working capital, and support future growth initiatives. Directors are also expected to participate in the raising with an additional AU$454,000 investment, subject to shareholder approval.
In a significant board development, Odessa appointed experienced geologist Sam Brooks as Non-Executive Director, replacing Tom Bahen. Brooks brings more than two decades of industry expertise, including leadership roles at Bellevue Gold and Gryphon Minerals, where he contributed to major gold discoveries and project development activities. Management stated that both the capital raising and the board appointment align with Odessa’s strategy of identifying high-quality, value-accretive opportunities in the resources sector. The company believes the strengthened financial position and expanded technical expertise will enhance its ability to advance prospective projects and create long-term shareholder value.
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 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.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au