Fully funded til 202213 Oct 2020 21:43
With this funding, Arkle is fully funded through 2021 and should the Placing Warrants be fully exercised, a further £900,000 in gross proceeds shall be received and Arkle would be fully funded well into 2022.
John Teeling, Chairman and CEO, commented. "This cash raise funds our ongoing gold and zinc exploration programmes until the end of 2021. We have crews working at both Mine River and Donegal targeting gold while drilling will commence this month on the Stonepark zinc project. Follow up drilling is anticipated on all three projects and we look forward to reporting back to shareholders on the results of those activities."