The Group intends to raise additional capital to fund exploration activities at its Mount Bundy Gold Project with an aim to develop of large scale bulk operations centred around Rustlers Roost. As at the date of this report, the Group is in the process of purchasing the Coolgardie Gold Project and, on the basis that the purchase is finalised, the additional capital raising to be undertaken by the Group will include funding for the cash component of the purchase consideration and exploration activities at the Coolgardie Gold Project
From the acquisition ann.
Cash payments are to be made to MacPhersons as follows: - Primary Gold to pay MacPhersons a non-refundable deposit of A$0.5m in cash within 2 business days of signing the Agreement; - On Completion under the Formal Agreement, Primary Gold to pay A$1.5m to MacPhersons; - Six (6) months from Completion, Primary Gold to pay A$1.5m to MacPhersons; - Twelve (12) months from Completion, Primary Gold to pay the final cash payment of A$1.5m to MacPhersons
May be a raise very soon then
Around 8 - 10c i reckon, then the brakes can come off
I hope us shareholders are in on the offer
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