Matador Mining Ltd's (ASX:MZZ) Ian Murray talks to Proactive about raising A$16 million through the placement of 28.5 million shares at a price of A$0.56 per share. Matador was able to issue shares at a premium as the new shares were issued under the Canadian flow-through share regimes, which provides tax incentives to eligible investors. Murray says this was 'a great result for shareholders'.
Matador Mining achieve 'great result for shareholders' after securing A$16 mln at premium
Quick facts: Matador Mining Ltd
Price: 0.355 AUD
Market Cap: $76.01 m
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