https://www.miningweekly.com

Centaurus raises cash for Brazilian exploration

12th July 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Centaurus Metals will raise some A$2.5-million to advance exploration at its gold and copper projects in Brazil.

The company on Wednesday announced it would undertake a partially underwritten rights issue under which eligible shareholders would be allowed to subscribe for five new shares for every nine held, at an issue price of 0.4c a share.

One free attaching option would be attached to every new share subscribed, and would have an exercise price of 1c each, and an expiry date of August 2019.

The issue price represented a 47% discount to the three-month volume-weighted average price of Centaurus shares, and a 33% discount to the company’s last closing price.

The company told shareholders that the funds would be used to continue a drilling programme at the Serra Misteriosa gold project, as well as to start exploration activities at the Salobo West copper/gold project, and to provide general working capital.

Edited by Creamer Media Reporter

Comments

The functionality 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