I88 – Infini Resources | Aussie Stock Forums

Infini Resources Ltd has received firm commitments to raise approximately AUD$3.39 million through the issue of 4,050,223 fully paid ordinary shares in the Company utilising the “flow-through shares” provisions under Canadian tax law at an issue price of CAD$0.741 (AUD$0.837) per share to raise CAD$3,000,000 (approximately AUD$3,389,830) .

Infini’s Managing Director, Charles Armstrong said:
“We are delighted to announce the successful completion of our capital raise, which will provide additional funding to support the continued exploration activities at our Portland Creek Uranium Project in Newfoundland, Canada. This marks an exciting milestone as we undertake our maiden drill campaign Newfoundland, a tier 1 jurisdiction. Following completion of our first soil sampling program in 1H2024, the Company has generated a number of additional drill targets at Portland Creek from the expanded soil sampling program and UAV magnetic structural analysis. Raising capital through flow-through financing at a 27.8% premium to the current share price is a great result for our shareholders, positioning us well to aggressively advance the exploration of Portland Creek as we continue to unlock its potential.”