logo-loader

Scotgold Resources keen to crack on with construction after £2.65 mln raise

Published: 02:56 14 Nov 2017 AEDT

Richard Gray, chief executive of Scotgold Resources Limited (LON:SGZ), tells Proactive they've raised £2.65 mln via a rights issue offering two new shares for every three already held.

The offer price is 25p, although for each five existing shares shareholders also get one new option priced at 40p.

The money raised will be used to commence the next stage of work at Scotgold’s Cononish gold mine in Scotland, where the existing stockpile will shortly be depleted.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

9 hours, 8 minutes ago