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Renaissance Minerals Ltd's SPP Closed Oversubscribed Raising $1.7 Million


Tuesday, 27 Aug 2013 11:48pm EDT 

Renaissance Minerals Ltd announced that it has raised $1.71 million pursuant to the issue of 34.2 million shares under the SPP which closed on August 21, 2013. In announcing the SPP on 23 July 2013, the Company intended to raise a maximum of $0.5 million under the SPP. In light of the overwhelming support shown by existing shareholders, the Company has decided to increase the SPP limit to accept all applications rather than scaling back supportive shareholders. The SPP was part of a fundraising initiative which included a $2.2 million equity placement (“Placement”) to fast track exploration at the Company’s highly prospective, 100% owned, Cambodian Gold Project. 

Company Quote

0.075
0.0010 +1.35%
29 Aug 2014