Fully-underwritten A$60m Placement and A$3m SPP
Filed with ASX · · 7 pages · English
Summary by 6ix AI
Santana Minerals Ltd. has announced a fully underwritten placement to raise significant funds for its Bendigo Ophir Gold Project, along with a Share Purchase Plan for eligible shareholders. The placement aims to generate substantial proceeds, with strong interest from international resources funds and local investors. Proceeds will be used for project development, infrastructure works, land acquisition, exploration, and general working capital. The company plans to issue new shares at a specified price, with details on the Share Purchase Plan to follow.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Santana Minerals
- Rise and Shine - Northern Honeypot Emerges
- Rise and Shine Marches North
- Bendigo-Ophir Project Land Acquisition
- Presentation - Updated Pre-Feasibility Study
- Updated Pre-Feasibility Study - Bendigo Ophir Gold Project
Later from Santana Minerals
- Santana Signs Agreement for Design and Engineering of CIL Processing Plant
- RAS high-grade core expands down plunge
- Rise and Shine potentially much bigger
- Strong RAS Results and RINA Regional System Fertility
- Key Freehold Land and Royalties Purchased
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