Great Southern raises funds
PERTH (miningweekly.com) – ASX-listed Great Southern Mining will raise A$3.12-million to fund exploration work in Western Australia and Queensland.
The junior on Friday announced that it would place 39-million fully paid ordinary shares at 8c each, along with one free attaching option for every four placement shares issued, with an exercise price of 5c each and an expiry date in September 2022.
The shares will be placed under Great Southern’s existing placement facility, and will not require shareholder approval.
“We are pleased to have secured funding enabling us to accelerate our planned drilling activities in the Laverton region,” said CEO Sean Gregory.
“The 2020 drilling programme at Cox’s Find and Mon Ami have delivered the company some excellent outcomes. The additional and highly prospective regional tenure we have acquired during the last six months has also seen Great Southern establish what is now a substantial landholding within the Duketon belt, with some of the dominant regional mineralized structures running right through our tenements,” said Gregory.
Drilling of the two project areas is expected to start shortly.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation