MMG offered 25 million shares at 20 cents, receiving double the offer amount but accepted the minimum of $5 million to maintain a tight capital structure
The gold explorer has been examining historical results at its flagship Mt Monger North project, collating all available data to identify drilling targets
Mark Hill, appointed as full time exploration manager, brings experience in mineral exploration and WA Archaean gold geology
Commenting on the appointment, Mr Schapiro said although Mr Hill had been with MMG for a short period of time, the company was impressed with his knowledge and experience in mineral exploration, including his specialisation in WA Archaean gold geology.
"We are confident he is the right person to lead our company through this exciting phase of exploration as we seek to discover economically viable gold deposits."
