Highlights:
Orbis Gold has entered into binding agreement with Greenstone Resources L.P to subscribe for US$20 million (before costs) at A$0.42 per share;
Issue price represents a 12% premium to Orbis Gold’s 3 month VWAP; an endorsement of the high quality of the Company's gold projects;
Orbis Gold funded to advance Natougou Gold Project to a construction decision with financial capacity to:
- complete a Definitive Feasibility Study for the Natougou Gold Project;
- lodge necessary applications to secure project permitting;
- advance the Nabanga Gold Project, including completion of a scoping study; and
- continue exploration activities on priority gold targets in Burkina Faso and Cote d'Ivoire;
New long term strategic partner introduced to the Company providing extensive experience in mining developments and operations, notably in Africa.
For further information please download PDF attached:
