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Tawana Resources NL Announces Completion Of Capital Raising


Friday, 11 Oct 2013 02:30am EDT 

Tawana Resources NL announced that it has successfully agreed terms for a placement to institutions and professional investors to raise approximately $2.9 million. Approximately 244 million shares will be placed to investors at an issue price of $0.012 per share to raise a total of approximately $2.9 million (Placement). Canaccord Genuity (Australia) Limited acted as Lead Manager to the Placement. Funds raised will be used primarily for continued drilling at the Company‚Äôs Mofe Creek Iron Ore project in Liberia, metallurgical testwork, the initiation of a scoping study for the project and working capital. 

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23 Oct 2014