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Provider: Reuters Investment Profile
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Provider: GlobalData
$125.00

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Hunter Resources PLC announces proposed acquisition, fundraise


Monday, 9 Jun 2014 02:00am EDT 

Hunter Resources PLC:Announces proposed acquisition of Gold Hunter S.A.C.Entered into the acquisition agreement under which it would acquire 100 pct of the issued share capital of Gold Hunter, and therefore Gold Hunter's interest in the JV Agreement, in consideration for the issue of the consideration shares.Says it has received interim funding from Marine of 100,000 pounds through the second convertible loan note and $80,000 through the third convertible loan note.Says it is proposing to raise up to the maximum subscription through the placing and the subscription.Proposes to use the net funds raised through the placing and the subscription to carry out initial exploration works on the Pampamali Project and for working capital purposes. 

Company Quote

1.46
0.0 +0.00%
22 Jul 2014