Vango Mining announces $5.1 million capital raising

Company News

by Anna Napoli

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.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.