Western Australian gold developer Matsa Resources was asking investors for a $1.5 million equity injection to fund its exploration projects on Monday.
The ASX-listed company, which owns the Lake Carey gold project in the Laverton belt in WA, has appointed Wentworth Securities to manage the placement.
Shares are on offer at 3¢ per share - a 14.3 per cent discount to its last close price and a 16.3 per cent discount to its 10-day volume-weighted average price.
Funds will be centred on its Lake Carey gold project, which is near other gold minesincluding AngloGold Ashanti’s Sunrise Dam mine and Goldfiled’s Granny Smith mine. They’ll also be used for field sampling, advancement of its Thailand lithium project and working capital.
Bids were due by 5 pm on Monday.
MAT Price at posting:
3.5¢ Sentiment: None Disclosure: Not Held
