JAV 0.00% 0.4¢ javelin minerals limited

Ann: Placement to raise $2m to fund exploration, page-4

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    By the announcement, the Directors are in for 125k subject to Shareholders Approval!

    PLACEMENT TO RAISE $2,000,000 TO FUND EXPLORATION
    HIGHLIGHTS
     Binding commitments received to raise $2,000,000
     Substantial shareholder Ramelius Resources Limited commits to keeping
    their shareholding at 6.79%.
     Strike Drilling Pty Ltd to take up $250,000.
     Serena Minerals Limited affiliates also have committed to $200,000.
    Directors participating to take up $125,000, subject to shareholder approval.
     New shares to be issued at $0.0025 per share.
     Company now well‐funded to complete resource drilling at Coogee Gold
    Project and other exploration activities during 2021.

    Source: comsec.com.au

    imo!
 
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