A$30m Equity Raising to accelerate Gum Creek Gold Project
Filed with ASX · · 6 pages · English
Summary by 6ix AI
Horizon Gold Ltd. has announced an equity raising initiative aimed at accelerating the exploration and development of the Gum Creek Gold Project. The company plans to raise funds through a placement and a non-renounceable entitlement offer, targeting significant institutional and high net worth investors. Proceeds from the offering will be allocated to an extensive exploration campaign, completion of a feasibility study, and general working capital. The company is fully funded for its final investment decision and anticipates an updated mineral resource estimate in the second half of the year.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Horizon Gold
- Trading Halt
- High-grade intercepts from Kingfisher Diamond Drilling
- Appointment of new CEO and MD
- Quarterly Activities/Appendix 5B Cash Flow Report
- Impressive shallow gold intercepts returned from RC drilling
Later from Horizon Gold
- Entitlement Issue Offer Closed and Shortfall Placed
- High-grade intercepts from Omega and Kingfisher Drilling
- Consistent High-Grade Intercepts returned from RC Drilling
- Gum Creek DFS Confirms Path to WA's Next Major Gold Mine
- Gum Creek Gold Project - DFS Study Presentation
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