Proactive Investors - Run By Investors For Investors

Tethyan Resources closes over-subscribed placement

Each unit comprises one ordinary share and one-half of one transferable share purchase warrant of the company
Canadian dollars
The private placement consisted of 5.21mln units at 25 cents a pop.

Tethyan Resources PLC (CVE:TETH) has closed its previously announced non-brokered private placement, raising C$1.3mln (gross).

The private placement consisted of 5.21mln units at 25 cents a pop.

READ: Tethyan Resources' to close C$1.2mln placing within the next two weeks​

The net proceeds from the private placement will be used to finance the advancement of the Rudnitza copper-gold porphyry prospect, the company's planned acquisition of the Serbian company Taor DOO and the completion of a scout drill program within the Taor exploration licenses.

View full TETH profile View Profile

Tethyan Resources PLC Timeline

Related Articles

Yukon gold rush stamp
December 22 2018
KGC is seeking out the sources of the gold rush that made the Yukon's Klondike region famous
July 17 2018
Orsu Metals looks set for a transformative year, with a sizeable gold resource expected in an already prolific area
November 16 2018
Telson's Mexican mines are set to deliver significant growth

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use