Odyssey Gold (ASX:ODY) to raise $15M for exploration in WA

• Odyssey Gold (ODY) is set to raise up to $15 million through a placement and share purchase plan
• Under the placement, the company will issue 79.8 million shares at 12.5 cents per share to institutional and sophisticated investors to raise $10 million
• The issue price represents a 7 per cent discount to the last closing price of 13.5 cents on May 26
• The other $5 million will be raised through a share purchase plan to give eligible shareholders the chance to subscribe for up to $30,000 worth of shares
• The money will be used for drilling and exploration at the Tuckanarra and Stakewell gold projects in WA

Read the Full Article on The Market Herald here