Pursuit raises exploration funds
PERTH (miningweekly.com) – Junior Pursuit Minerals has received firm commitments to raise A$8.25-million in a share placement to sophisticated investors to fund exploration work at its platinum group metal/nickel/copper projects, in Western Australia.
The company on Thursday said that some 119.5-million shares would be placed, at a price of 6.9c each, under Pursuit’s existing placement capacity.
The company also announced that it would issue Stocks Digital with three-million shares for nil cash consideration, topping up that company’s marketing services with an additional A$207 000 worth of services, while issuing share placement lead manager CPS Capital with 20-million options for distribution to brokers that assisted with the placement.
“The company is delighted with the strong support for the placement. This raising will provide critical funding to conduct our inaugural drilling at Phil’s Hill prospect in conjunction with ongoing geophysics, geochem, land access obligations on the Warrior tenements,” said Pursuit CEO Mark Freeman.
“The funding will also be used to progress the new Combatant project in the Murchison and the Gladiator gold project near Laverton.”
Comments
The
content
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