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Azumah Resources opens in-the-money raising for Ghana gold

The new funds will be allocated to the Wa Gold Project in Ghana.
Azumah Resources opens in-the-money raising for Ghana gold
Wa is already a multi-million gold ounce project

Azumah Resources Ltd (ASX:AZM) has now dispatched its prospectus for a fully underwritten non-renounceable rights offer to raise circa A$2.33 million.

The record date of the offer is the 16th August 2017, and is priced at $0.02 on the basis of 1 new share for every 5 shares.

Azumah shares closed at a premium to the offer on Friday at $0.023.

The funds raised through the rights issue will strengthen the company’s ability to deliver on a variety of initiatives in the coming months at its Wa Gold Project in Ghana, West Africa.

The positive momentum continues for Azumah who recently outlined a transformational $17 million earn-in detail with new partner Ibaera Capital.

WATCH LATEST VIDEO - Details on A$17 million earn-in deal

To date at the project Azumah has defined a JORC 2012 Resource of 2.06 million ounces of gold at 1.5 g/t gold across 7 deposits.

The Kunche, Bepkong and Julie deposits have an Ore Reserve of 624,000 ounces of gold.

View full AZM profile View Profile

Azumah Resources Ltd Timeline

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