Vango Mining (ASX:VAN)
has agreed terms with sophisticated and professional investors to raise $5.1 million.
The gold miner will use the funds raised for planned exploration and development of the company’s fully owned Plutonic Dome Gold Project in the Mid-West region of Western Australia.
28 million new shares and 14 million new options will be issued to eligible shareholders by Wednesday 11 July.
Advisor DJ Carmichael acted as Corporate Adviser and lead manager to the share placement
The company says it’s now well positioned to advance it Plutonic Dome Gold Project.
Shares in Vango Mining (ASX:VAN ) are trading 12.50 per cent lower to 21 cents.