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Stonewall Resources completes placement for working capital

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Stonewall Resources (ASX: SWJ) has completed the placement of 20,000,000 shares to a sophisticated investor at an issue price of $0.20 per share to raise $4 million.

The funds will be used to assist with the company’s working capital requirements.

These include working capital requirements of its South African subsidiary Stonewall Mining Pty Ltd until completion of the transaction with Shandong Qixing Iron Tower Co. Ltd which will see the company sell its shares in Stonewall Mining Pty Ltd to Shandong as approved at the recent general meeting of the company.

 

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Quick facts: Theta Gold Mines Ltd

Price: 0.18 AUD

ASX:TGM
Market: ASX
Market Cap: $78.61 m
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Theta Gold Mines successfully enters subscription agreements for $8 million

Theta Gold Mines Ltd (ASX:TGM) chairman Bill Guy updates Proactive Investors on the release of a positive feasibility study for the Theta project to support further exploration on the large historical goldfield in South Africa The company also has completed a capital raising with subscription...

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