Sunstone Metals (ASX:STM) Secures $4M Through Oversubscribed Share Placement

Thu 27 Mar 25, 02:36 AM | Team Kalkine

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Highlights

Sunstone raises $4M via oversubscribed placement at 0.5c per share.

Proceeds will fund working capital and ongoing corporate discussions.

Company continues due diligence on potential gold and copper asset acquisitions.

Sunstone Metals Limited (ASX:STM) has successfully secured $4,000,000 through an oversubscribed share placement at 0.5 cents ($0.005) per share. The placement was made to existing institutional and sophisticated shareholders, along with new investors. After accounting for costs of $240,000, the funds will be used primarily for working capital as Sunstone continues its ongoing corporate discussions aimed at unlocking value from its gold and copper assets.

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