News blog
Goldplat
- BY: Andrew Hore |
- POSTED: 19/12/2010 |
Goldplat is raising £5.5m at 10p a share to fund its mining exploration projects.
These shares will be one-third of the enlarged share capital. Up until now the exploration projects have been financed by cash flow from the gold recovery operations in South Africa and Ghana. The extra cash will enable progress to be quicker.
The net proceeds of £5.2m will be used to purchase the Banka mining lease in Ghana and finance exploration, as well as financing the exploration of the Nyieme gold exploration project in Burkina Faso.
Goldplat has reported a maiden JORC-compliant resource of 57,501 ounces of gold at the Nyieme gold exploration project. The next exploration campaign starts in January. An additional 11 targets have been identified.
At 11.5p a share, Goldplat is valued at £12.9m.
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