https://www.miningweekly.com
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

     

Font size: - +

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

Comments

Showroom

Alco-Safe
Alco-Safe

An unmanned breathalyser that is made to be tough and simple to use. Can be used in any environment for operator-free breathalyser testing.

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

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:0.096 0.132s - 91pq - 2rq
Subscribe Now