Dear Members,
The results of the raising have been posted on the Bullzeye website. Almost the full entitlement was taken up, so the planned drilling will take place. I note the last paragraph, "“Whilst we have strengthened our cash reserves as a result of this capital raising, we continue to incur significant expenditure on matters that do not generate shareholder value such as legal costs which we anticipate will require another pro-rata entitlement issue early in 1Q23.” The Inca dispute mediation was to have been held on 6 December. 2 of the court hearings have finalised awaiting judgment, 2 are still on foot.
https://www.bullseyemining.com.au/site/pdf/9f13ba3f-4361-4017-af84-a7fb69f9b7d8/Bullseye-Raises-62m-Under-Entitlements-Issue.pdf
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