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Explaurum issues shares from in-the-money bookbuild; new gold resource beckons

Published: 09:02 21 Aug 2017 AEST

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Tampia recently yielded assays up to 716 g/t gold

Explaurum Ltd (ASX:EXU) remains focused on developing the shallow high-grade Tampia Gold Project in Western Australia.

The company has now issued circa 42.9 million shares from the recent bookbuild to existing sophisticated and wholesale investors.

The raising was completed at $0.105 raising $4.5 million, which is already in-the-money based on Friday's closing price of $0.13.

READ NOW: Explaurum drills bonanza grade gold at Tampia

Explaurum is now preparing to reveal an updated JORC Resource for Tampia following completion of the 36,000 metre / 300 drill hole resource program.

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