Bryah Resources Ltd (ASX:BYH) managing director Neil Marston updates Proactive on the completion of a $2 million capital raising with Hartley’s Limited as lead manager.
The placement has been strongly supported by new investors as well as from a number of existing shareholders.
The funding will be channelled towards the company’s exploration in central Western Australia, including gold and copper drilling at its Bryah Basin prospects and at the Gabinintha project.
Marston says the company has some excellent targets and plans to begin drilling in the next few weeks.