$1.5m Renounceable Rights Issue to fund Becker Gold Project
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Santana Minerals Ltd. has announced a renounceable rights issue to raise funds for the Becker Gold Project acquisition and diamond drill program. The rights issue is priced attractively at a significant discount to the recent trading average, allowing shareholders to purchase additional shares or renounce their rights. Directors of the company plan to participate in the rights issue, which is partially underwritten. The funds raised will support a diamond core drill program at the project's primary prospects.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Earlier from Santana Minerals
- Quarterly Activities and Cashflow Report - 31 March 2018
- Micro-Rig Drilling Confirms High-Grade Mineralisation
- Quarterly Activities and Cashflow Report - December 2017
- Cuitaboca Works Programme Update
- Historic Data Reveals High-Grade Surface Mineralsiation
Later from Santana Minerals
- Renounceable Rights Issue Prospectus
- Acquisition of Becker Gold Project
- Supplementary Prospectus
- Rights Issue Closes Oversubscribed
- Commencement of Diamond Drill Program at Becker Gold Project
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