Marmota raises cash for South Australian exploration
PERTH (miningweekly.com) – Junior explorer Marmota has raised A$6.5-million through a share placement priced at 5.3c each, to accelerate development of the Aurora Tank gold discovery, in South Australia.
The placement will consist of more than 122.6-million shares, with one attaching unlisted option for every two new shares subscribed for, at an exercise price of 10c each and with a two-year expiry.
The share placement will be settled in one tranche under the company’s existing placement capacity, and will not require shareholder approval, Marmota said on Wednesday.
“Marmota is delighted with the interest shown in the company by investors,” said chairperson Dr Colin Rose.
“I am very pleased to report that yesterday, our team departed Adelaide for Aurora Tank, and that the new semi-permanent camp is today on its way to Aurora Tank via road train, along with cranes out of Port Augusta and support crew from Coober Pedy. We hope to have the new camp installed by the weekend, with drilling to immediately follow.”
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation