https://www.miningweekly.com
Building|Construction|Gold|Waste|Waste
Building|Construction|Gold|Waste|Waste
building|construction|gold|waste-company|waste

CRG raises funds for working capital, concentrator circuit

24th March 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Central Rand Gold (CRG) has raised £300 000 through the issue of 60-million new ordinary shares at an issue price of 0.5p apiece.

The proceeds will be used for working capital and building a 60 000 t/m concentrator circuit aimed at upgrading the gold grade of mine waste dumps materials before further metallurgical processing and civil construction.

Under the terms of the placing agreement, CRG has agreed to grant warrants to its broker Brandon Hill over 3.6-million new ordinary shares, or 6%. Each warrant entitles Brandon Hill to subscribe for one new ordinary share at the placing price per ordinary share. The broker warrants may be exercised within three years from the admission date of the placing shares.

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.111 0.145s - 108pq - 2rq
Subscribe Now