Oklo Resources oversubscribed in capital raising

Company News

by Rachael Jones

Oklo Resources (ASX:OKU) say their capital raising this week was successful.

The raising saw strong demand from both existing shareholders and new institutional investors.

Their $15 million placement was oversubscribed.

They entered a trading halt April 10 2018 for capital raising.

Oklo is an ASX-listed gold exploration company focused on the exploration and development of eight gold projects located in Mali, west Africa.

Funds raised from the placement will be used for continued drilling programs at the Seko prospect within the company's Dandoko project.

Shares in Oklo Resources (ASX:OKU) 
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.