{"id":23828,"date":"2023-10-02T17:02:19","date_gmt":"2023-10-02T17:02:19","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/mila-resources-raises-gbp2-mln-via-placing-for-further-gold-exploration\/"},"modified":"2023-10-02T17:02:20","modified_gmt":"2023-10-02T17:02:20","slug":"mila-resources-raises-gbp2-mln-via-placing-for-further-gold-exploration","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=23828","title":{"rendered":"Mila Resources Raises GBP2 Mln Via Placing For Further Gold Exploration"},"content":{"rendered":"
\n

By Michael Susin<\/p>\n\n

Mila Resources has raised 2 million pounds ($2.4 million) through a conditional placing to conduct further gold exploration work alongside Liontown Resources’ lithium project in Australia.<\/p>\n

The London-listed gold-explorer said Monday that it has placed 200 million new shares at a price of 1 pence a share. This represents a 5% premium to Friday’s closing price of 0.95 pence a share before the announcement.<\/p>\n

\n

The placing shares will have one warrant attached with an exercise price of 2 pence for a period of two years.<\/p>\n

The company said proceeds will be used to conduct further gold exploration work alongside Liontown’s lithium project in the northern part of the Kathleen Valley license area.<\/p>\n

“By capitalizing on work permits and heritage surveys that the company expects to be granted in the near future, drilling costs will be significantly reduced,” it said.<\/p>\n\n

Write to Michael Susin at michael.susin@wsj.com<\/p>\n<\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Michael Susin Mila Resources has raised 2 million pounds ($2.4 million) through a conditional placing to conduct further gold exploration work alongside Liontown Resources’ lithium project in Australia. The London-listed gold-explorer said Monday that it has placed 200 million new shares at a price of 1 pence a share. This represents a 5% premium<\/p>\n","protected":false},"author":1,"featured_media":9638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-23828","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nMila Resources Raises GBP2 Mln Via Placing For Further Gold Exploration | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"By Michael Susin Mila Resources has raised 2 million pounds ($2.4 million) through a conditional placing to conduct further gold exploration work\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/microloannexus.com\/?p=23828\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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