"The Board of Matsa Resources Limited (ASX:MAT “the Company”) is pleased to announce that it has agreed to place approximately 3.8 million shares at an issue price of 16.1 cents per share to raise $612,160. The funds raised will be used to advance the Company’s development programs targeting the commencement of gold production within the first quarter of 2010 from the North Scotia deposit within its Norseman Gold Project."
"Focus Minerals will treat the ore in scheduled campaigns commencing in February 2010 depending on delivery schedules as determined by Matsa’s mining programme;"
MAT Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
