Many Peaks Minerals completed a $2 million non-brokered placement, issuing 11,764,706 new fully paid ordinary shares at 17 cents per share.

Shareholders receive one free attaching option for every three new shares, exercisable at 25 cents until June 30, 2026, subject to approval.

The funds will support exploration activities in West Africa, including costs, working capital, and administrative expenses.

The placement garnered strong support, reflecting confidence post-acquisition of exploration permits in Cote d'Ivoire from Turaco Gold (ASX:TCG).