Godolphin Resources (ASX: GRL) Raises $1 Million to Advance Lewis Ponds Project

Wed 26 Mar 25, 02:36 AM | Team Kalkine

Image source: Shutterstock

Highlights

Godolphin Resources raises $1 million through the issue of 89.8 million shares.

Funds will support metallurgical studies and exploration target development at Lewis Ponds.

Placement is strongly backed by sophisticated and professional investors.

Godolphin Resources Limited (ASX: GRL) has successfully raised approximately $1 million through a placement of 89.8 million fully paid ordinary shares at an issue price of A$0.011 per share. The placement has received strong backing from sophisticated and professional investors, reflecting confidence in the company's ongoing development strategy for its 100%-owned Lewis Ponds Gold, Silver, and Base Metals Project in the Lachlan Fold Belt, New South Wales (NSW).

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