Proactiveinvestors Australia

Gladiator Resources Ltd

Gladiator Resources Ltd (ASX:GLA) is focused on mineral exploration in Australia and South America, which includes the Isla Cristalina Joint Venture Project in Uruguay.


Gladiator Resources seeking $6.2m for Uruguay iron feasibility study

Thursday, January 12, 2012

Gladiator Resources seeking $6.2m for Uruguay iron feasibility study

Gladiator Resources (ASX: GLA) will undertake a non‐renounceable rights issue to raise $6.2 million via the issue of 68.6 million shares.

A large portion of the proposed raising will advance the Bankable Feasibility Study on the Isla Cristalina pig iron joint venture project in Uruguay.

On completion the company would acquire an additional 29% in the project from Orosur Mining Inc., taking its stake to 80%.

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