Manuka Resources (ASX:MKR) has successfully completed a A$2.4 million private placement to professional and sophisticated investors.
Highlights:
- The placement has been strongly supported by a very small number of professional and sophisticated investors.
- The placement shares were issued in two tranches and have an issue price of A$0.0613 per share for 17.9 million of the placement shares and S$0.0645 per share for 20.155 million of the placement shares.
- The funds raised will be used for general working capital and expenditure attributed to the transition to gold production.
The Placement has been strongly supported by a very small number of professional and sophisticated investors, the majority of whom are existing shareholders and has resulted in the issue of 38,068,530 fully paid ordinary shares.
Fort further information please visit: https://www.manukaresources.com.au
