Funding

  • INVESTMENT - Northern Minerals secures drill funding

    Australia Conglin International Investment Group (ACIIG) has provided interim funding of $4 million to Northern Minerals which will enable a major resource expansion drill program to commence at Browns Range next month.

  • KYRGYZ REPUBLIC - Celsius receives Blumont funding

    Celsius Coal has received the first tranche of a $10 million strategic funding arrangement with the Singapore-based Blumont Group which will pay for its 2013 exploration and development program. The $5 million payment was received in return for more than 227 million Celsius shares.

  • PAPUA NEW GUINEA - Gold Anomaly secures Crater Mountain funding

    Gold Anomaly’s major shareholder FreeFire Technology has agreed to underwrite a $6.9 million renounceable rights issue and an immediate $1.5 million bridging loan for the ongoing exploration and potential trial mining of the Crater Mountain project in the eastern highlands. The exploration will focus on drilling the project’s high grade and main zones.

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