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Ora Banda Mining's David Quinlivan updates on $55mln fundraise and production plans

Published: 19:44 03 Aug 2020 AEST

 

Ora Banda Mining Ltd's (ASX:OBM) (FRA:M6N) David Quinlivan tells Proactive's Andrew Scott they've received firm commitments for $55mln - phase one is complete and they've received the cash. He adds that the second phase is subject to shareholder approval with an EGM scheduled for early September. Quinlivan says the fundraise will see them fully funded and back into production in Q1 next year.

Ora Banda Mining talks $20 million capital raise and exploration plans

Ora Banda Mining Ltd (ASX:OBM)'s Peter Nicholson says they've launched an equity raising campaign for up to A$20 million comprising an institutional placement of up to A$5 million and a 4 for 13 accelerated non-renounceable entitlement offer to raise approximately A$15 million. Proceeds together...

on 23/2/22