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Crusader Resources Ltd Announces Completion Of $7.9 Million Capital Raising

Monday, 20 Aug 2012 08:12pm EDT 

Crusader Resources Ltd announced that it has completed a $7.9 million capital raising (before costs), managed exclusively by Petra Capital. The placement will provide funds for the 2.43 million ounce Borborema Gold Project including the completion of the bankable feasibility study and regional exploration within the Serido Belt. The placement of 16,500,000 shares at $0.48 per share was made to institutional and sophisticated investors and will increase the Company's shares on issue to 126,616,040. 

Company Quote

0.0050 +1.25%
11 Jul 2014