Hi Gotta, JKA raised those funds on the gold deal that fell over. From the JKA anouncement on 3/7/2020. But that money still needs a project!
Jacka Resources Limited (ASX:JKA, the Company) advises that it is seeking to recover a refundable deposit
of A$60,000 paid to the vendors of companies holding the rights to the Luiri Hill Gold Project in south-central
Zambia pursuant to a non-binding Letter of Intent (LOI) entered into with the vendors on 24 January 2020. A
formal demand for the return of the deposit, in accordance with the terms of the LOI, has been made but to date
remains unanswered.
Ann: Voluntary Suspension, page-86
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