PERTH (miningweekly.com) – Junior Amani Gold will raise A$3-million through a share placement to accelerate exploration work at its Giro gold project, in the Democratic Republic of Congo.
The company would issue more than 1.52-billion shares, at a price of 0.2c each, to sophisticated and professional investors. The share placement will be subject to shareholder approval.
“Amani welcomes the support from new investors and existing shareholders in the placement. Amani is embarking on a very exciting phase as we plan to accelerate drilling and exploration programmes across our highly attractive gold project portfolio,” said Amani chairperson Klaus Eckhof.
Amani is considering purchasing and operating a combined reverse circulation/diamond drill rig to carry out the majority of its planned drilling for 2019, with the expectation that an owner-operated drill would reduce drilling costs and aid in logistical flexibility to exploration programmes.