Ark Mines Ltd (ASX:AHK) Reports Quarterly Cash Flow and Announces Capital Raising
Financial Performance
Ark Mines Ltd reported a net cash outflow of $779,000 from operating activities and $5,000 from investing activities during the current quarter. Financing activities contributed a net inflow of $350,000, resulting in cash and cash equivalents of $207,000 at the end of the period.
Future Funding
The company expects to announce a capital raising pursuant to Listing Rules 7.1 and 7.1A within two weeks, which will provide sufficient funds to meet its current business objectives.
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