EAR echo resources limited
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News: EAR Echo Resources Announces Placement To Raise Up To $15 Mln At $0.13/Shr

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    02/05/19
    16:40
    Post #: 38379754

    May 2 (Reuters) - Echo Resources Ltd (EAR) :

    • ANNOUNCES PLACEMENT TO RAISE UP TO $15 MILLION AT $0.13 PER SHARE
    • UP TO $3 MILLION PROCEEDS RECEIVED FROM SPP WILL BE APPLIED TO FURTHER EXPLORATION ACTIVITIES AT YANDAL GOLD PROJECT
    • ECHO'S LARGEST SHAREHOLDER NORTHERN STAR RESOURCES LTD INTENDS TO SUBSCRIBE FOR UP TO $3.4 MILLION OF PLACEMENT
    • ALSO ANNOUNCES SHARE PURCHASE PLAN (SPP) FOR ELIGIBLE SHAREHOLDERS TO RAISE UP TO $3 MILLION
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