https://www.miningweekly.com

St George raises funds for nickel exploration

12th March 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Nickel explorer St George Mining has raised A$4-million through a share placement to institutional and sophisticated investors to fund exploration and drilling programmes at the Mt Alexander nickel/copper sulphide project, in Western Australia.

Some 22.2-million shares, priced at 18c each, will be placed under the company’s existing capacity.

“We are delighted with the strong demand for the placement from new investors and existing shareholders,” said St George executive chairperson John Prineas.

“This capital raising strengthens St George’s ability to deliver further shareholder value through continued exploration success, with the strong investor demand for the placement testament to the potential of our exciting Mt Alexander project.”

Drilling is scheduled to start this week.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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