- Write by:
-
Friday, August 21, 2020 - 2:48:04 PM
-
442 Visit
-
Print
Mining News Pro - Mako Gold will raise A$10-million to accelerate exploration at its Napie gold project, in Cote d’Ivoire.
The company will place up to 87-million new shares, priced at 11.5c each, in two tranches.
The first tranche, which will be issued under the company’s existing placement capacity, will consist of about 42-million shares, with the second tranche of more than 44.9-million shares subject to shareholder approval at a meeting scheduled for September 28.
“We are pleased by the overwhelming demand for our capital raise following the outstanding results from our ongoing drilling campaign at Napie, which continues to demonstrate shallow, high-grade mineralisation over an extensive strike length,” said MD Peter Ledwidge.
“The significant increase to our balance sheet enables Mako to accelerate exploration on Napie by having one drill rig concentrating on advancing the Tchanga prospect towards a maiden resource and a second drill rig focusing on the high priority regional prospects where we will be following up positive drill results from our 2018 maiden drilling programme.
“In addition, the funds will allow us to start an aggressive exploration programme on our permit applications as soon as they are granted.
Short Link:
https://www.miningnews.ir/En/News/587479
Mining News Pro - Alkane Resources has announced further results from its drilling program at the Kaiser deposit, which ...
Mining News Pro - Calibre Mining (TSX: CXB) posted another record quarter of production during Q2 2022, recording ...
Mining News Pro - Money is made in the discrepancy between price and value, says Rick Rule.
Mining News Pro - Gold miner Pan African Resources has announced that exploratory drilling into the down-dip extention ...
Mining News Pro - Newcrest Mining, which owns 70% of the Havieron gold-copper project in Australia, flagged on Thursday ...
Mining News Pro - Los Andes Copper reported on Thursday “excellent initial results” from ongoing drilling at its 100% ...
Mining News Pro - Battery Mineral Resources announced Tuesday encouraging drill core assay results from the 2021 drill ...
Mining News Pro - Ivanhoe Mines (TSX: IVN) said on Monday is expects to produce between 290,000 to 340,000 tonnes of ...
Mining News Pro - Fortescue Metals Group subsidiary Pilbara Energy Company has awarded a $30 million contract to ...
No comments have been posted yet ...