AKORA Resources Limited (ASX: AKO) has successfully completed the capital raising comprised of a placement for A$801,000 and an entitlement offer for A$3M.
AKORA’s managing director, and CEO, Mr Paul Bibby, said, “I would like to thank AKORA shareholders who have supported their company in a difficult equity market. This ensures the
focused work programmes are fully funded and allows continued progression across all projects. A major capital injection by Futureworld Management Pty Ltd is welcomed.”
Akora Resources is an exploration company engaged in the exploration and development of the Bekisopa, Satrokala, Tratramarina, and Ambodilafa Projects in Madagascar where the company holds 308km2 of tenements across these four prospective exploration areas.
The Bekisopa Iron Ore Project is a high-grade iron ore project with an ~6km strike length and an inferred resource of 194.7Mt. Bekisopa has outcropping and weathered zone Direct Shipping Ore (DSO) iron ore and the potential to produce a premium grade +68% iron concentrate suitable for direct reduced Iron pellets for a green steel future.
To find out more, please visit www.akoravy.com
To read more articles like this, please visit www.theassay.com/news
