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Exploration|Gold|Projects
Exploration|Gold|Projects
exploration|gold|projects

Amani intends to raise $2.5m for exploration funding

24th June 2020

By: Marleny Arnoldi

Deputy Editor Online

     

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ASX-listed Amani Gold has completed a bookbuild for a two-tranche placement to raise up to $2.55-million.

The proceeds will be used to fund ongoing exploration activities at the company’s Giro and Gada gold projects, in the Democratic Republic of Congo.

Amani is issuing 2.55-billion fully paid ordinary shares at an issue price of $0.01 apiece.

Each placement share will include 1.5 free attaching listed option, with each having an exercise price of $0.15, which expires three years from the date of issue.

The first tranche, comprising one-billion shares, will be issued under the company’s existing placement capacity, on or about July 1.

The second tranche, for up for 1.5-billion shares, is subject to shareholder approval at a general meeting scheduled to take place on or about August 3.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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