IOCG Exploration to Commence in March, Drilling in April/May
Corazon completes $3M raise; including
- Placement for $1.5M
- Share Purchase Plan (SPP) for $600,000
- Placement of SPP shortfall for $900,000
Company fully funded to test large IOCG geophysical target at Top Up Rise (TUR) in Western Australia
TUR work programs to commence in March via detailed ground geophysics
Drilling planned for April/ May, 2013.
Corazon Mining Limited (ASX:CZN) (“Corazon” or “the Company”) is pleased to advise its Share Purchase Plan (“SPP”), which closed on Friday 22 February 2013, raised approximately $600,000 from existing shareholders. Due to very strong interest from a number of investors, Corazon has resolved to place the shortfall from the SPP of approximately $900,000 (“Shortfall Placement”).
The funds raised from the recent placement, the SPP and the Shortfall Placement ensure Corazon is fully funded for its upcoming high impact drilling program at the Top Up Rise Project (“TUR”) in Western Australia.
For further information please download PDF below:-
