MON 0.00% 29.5¢ monarch gold mining company limited

Also from 6.5FundingThe future capital requirements of the...

  1. 180 Posts.
    Also from 6.5

    Funding
    The future capital requirements of the Company will depend on many factors. The Company believes its cash,
    receivables and net proceeds of this Offer are adequate to fund continued exploration and resource development
    of the Company's Davyhurst and Mt Ida projects. Operations are continuing to ramp up and there can be no
    guarantee future performance will meet the designed schedule.
    The Company is also seeking to raise further capital to satisfy the conditions precedent of the acquisition of the Mt
    Magnet Gold Project. In relation to any additional funding required by the Company, including the raising of funds
    relating to the acquisition of the Mt Magnet Gold Project, there can be no assurance that additional funds or
    financing will be available on acceptable terms, or at all. An inability to obtain additional finance if required would
    have a material adverse affect on the Company's business and its financial condition and performance and may
    impact on the Company's ability to complete the acquisition of the Mt Magnet Gold Project.
 
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Currently unlisted public company.

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