Minotaur raises exploration funding
PERTH (miningweekly.com) – Junior Minotaur Exploration has placed 81-million new shares, at a price of 5c each, to raise over A$4-million to fund exploration in Queensland and South Australia.
The company this week told shareholders that it would also launch a share purchase plan to allow existing shareholders to participate in the capital raise, in an effort to raise a further A$1-million.
The funds raised will go towards exploration at the Windsor base metal and gold project, and the Pyramid gold project, both in Queensland, as well as the Peak and Denison base metals prospects, in South Australia.
Minotaur noted that exploration at the joint venture projects within the Cloncurry Alliance stable would also be funded from the capital raise.
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