Amazing update
- There are no options attached with the rights issue
- Preferred parties will participate in site visits as a final due diligence workstream. Itineraries have been confirmed for mid-May 2024.
- Graeme Hunt (Chairman) and Matthew Gill (non-executive Director) will seek Shareholder approval to acquire shares at the upcoming Annual General
Meeting of the Company. Their intention is to invest collectively up to A$190,000 following shareholder approval.
- The funds raised under the Placement and Entitlement Offer will be used by the Company for the
following:
(a) Bekisopa Pre Feasibility Study and early Development Works - $1,850,000;
(b) Satrokala Exploratory Drilling - $1,000,000; and
(c) Working capital and costs of the capital raise - $950,000.
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Amazing update- There are no options attached with the rights...
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