Common Contracts
1 similar null contracts
Agreement reached on funding proposal and proposed Board changesFebruary 22nd, 2019
As previously announced, the Company is intending to undertake a non-renounceable pro rata entitlement offer to eligible shareholders (Rights Issue). The Company has now finalised the terms of the proposed Rights Issue, pursuant to which it seeks to raise approximately $4.2 million (before costs). The funds raised will be used for the completion of the Borborema Gold Project Bankable Feasibility Study; continued development and maintenance of the Borborema and Juruena Gold Projects in Brazil; costs of the Rights Issue and general working capital purposes.
