The entire board each paid $10,000 each to acquire 588,235 shares each as part of the $2.55 million capital raising.
Tyranna’s recent exploration focus has been at the Jumbuck Gold Project in South Australia.
Tyranna owns 28.91% of the Wilcherry Project and final assays from a 22-hole drill program were just received targeting the Weednanna gold prospect.
Highlights from the latest reverse circulation (RC) drilling assays at Weednanna Target 4 featured 4 metres at 11.6 g/t gold from 76 metres.
At the Jumbuck Gold Project, Tyranna recently witnessed gold mineralisation and assays received featured intersections of 6 metres at 6.2 g/t gold.
It was diamond drilling at the Campfire Bore prospect discovered visible gold in the mineralised primary zone which is the first ever occurrence of coarse gold that is visible to the naked eye.
The 9,762 square kilometre project surrounds the operating Challenger Gold Mine owned by WPG Resources.
Tyranna is targeting a 500,000-ounce gold resource for the project, building upon its current 219,000-ounce gold Inferred resource in place.