PERTH (miningweekly.com) – ASX-listed Centaurus Metals has raised A$2.5-million through a five-for-nine renounceable rights issue.
The company on Wednesday said that it would issue some 624-million new shares, as well as 624-million new options, with an exercise price of 1c each and and expiry date of August 2019.
MD Darren Gordon said that the company was delighted with the strong ongoing level of support from its shareholders, as exploration gathered momentum across its recently expanded gold and copper portfolio in Brazil.
“We are delighted that so many shareholders took the opportunity to increase their investment in the company,” he said.
“This puts Centaurus in a very strong position as we continue our exploration progrramme at the Serra Misteriosa gold project and gear up for our maiden exploration programme at the Salobo West copper-gold project.”
Proceeds from the rights issue will be used to continue drilling on the Serra Misteriosa project, which hosts a continuous 2.5 km long, high-grade gold-in-soil anomaly within a broader gold geochemical anomaly that is up to 500 m wide.