Mining News

West Wits raises A$9.3m for SA gold project

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Junior West Wits Mining will raise A$9.3-million in a non-renounceable underwritten rights issue to fund its Witwatersrand basin gold project, in South Africa, towards production.

The company would issue one new share for every six shares held, at a price of 3c each, to raise some A$7.86-million before costs. The rights issue is fully underwritten by Evolution Capital.

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