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Renaissance Minerals Ltd Announces $2.2 Million Placement

Monday, 22 Jul 2013 07:38pm EDT 

Renaissance Minerals Ltd announced that it has received firm commitments to raise $2.2 million through an equity placement (Placement). In addition, a Share Purchase Plan (SPP) is to be offered to all eligible shareholders on the same terms as the Placement to raise up to $0.5 million. The Placement is being made to existing, predominately US based, institutional shareholders. The funds raised from the Placement and SPP will enable the Company to continue to develop 100% owned Cambodian Gold Project. The Placement consists of 44 million new shares to be issued at a price of $0.05 per share to raise total funds of $2.2 million. 

Company Quote

-0.0020 -2.50%
1 Aug 2014