STRATEGIC FINANCING UPDATE4 May 2016 14:02
STRATEGIC FINANCING UPDATE
Placing to raise £1,015,000 (€1,282,926)
Placing of 5,486,485 new ordinary shares at 18.5 pence per share together with 5,486,485 warrants to raise £1,015,000 (€1,282,926) before expenses
Proceeds of the placing to be applied to fund the advancement of the Company’s principal gold opportunities and in particular the newly combined Clay Lake and Clontibret targets, where the Company has established a combined exploration target of 5 million oz of gold, and for working capital generally
There was a time lag between both rns releases....