- Write by:
-
Thursday, May 21, 2020 - 12:07:11 PM
-
702 Visit
-
Print
Mining News Pro - Junior Golden State Mining is looking to raise A$2.2-million through a share placement to sophisticated and professional investors to fund a maiden gold drilling programme at its Yule project, in Western Australia.
The share placement will comprise up to 17.6-million fully paid ordinary shares at a price of 12.5c each, and will be undertaken in two tranches. The first tranche of some 9.15-million shares will be placed under the company’s existing capacity, while the second tranche of 8.45-million shares would be subject to shareholder approval.
“Golden State welcomes the significant support demonstrated for the placement by existing shareholders and new investors in the company. This is a very exciting time for the company as we now work towards the fully approved and expanded inaugural gold drilling programme which is planned to be in excess of 10 000 m,” said Golden State MD Mike Moore.
“The revised and upgraded scope of the programme is designed to test an increased number of high priority gold targets,” he added.
Short Link:
https://www.miningnews.ir/En/News/534243
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
Africa-focused Montage Gold announced Thursday it has received a ministerial order granting all environmental approvals ...
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian ...
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, ...
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the ...
Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in ...
Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South ...
Emerging North American gold producer Contango ORE is boosting its landhold in Alaska with the acquisition of Canada’s ...
Gold fell, with market watchers saying the previous day’s rally in response to Federal Reserve Chair Jerome Powell’s ...
No comments have been posted yet ...