This is very good news.
• Manhattan receives applications for a A$3.4 million placement
• Support for the placement came from an institution, professional and sophisticated investors, including existing shareholders
• The placement will allow Manhattan to fund the upcoming 5000m drilling programme at New Bendigo planned to commence early August 2020.
• The placement will also allow Manhattan to immediately plan and fund further explorationprograms on its 100% owned Tibooburra Gold Project, particularly on the numerous prioritytargets situated south of the New Bendigo prospect area which holds multi-million-ounce gold discovery potential over 160-strike-km of gold-anomalous structures similar in age and tectonic features to the Victorian Goldfields
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- Ann: Proposed issue of Securities - MHC
Ann: Proposed issue of Securities - MHC, page-9
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