Gold explorers Matsa rattles the tin; Wentworth in tow
Western Australian gold developer Matsa Resources was asking investors for a $1.5 million equity injection to fund its exploration projects on Monday.
Matsa Resources is raising fresh funds for its Lake Carey gold exploration activities. Chris Ratcliffe/Bloomberg
The ASX-listed company, which owns the Lake Carey gold project in the Laverton belt in WA, has appointed Wentworth Securities to manage the placement.
Shares are on offer at 3¢ per share — a 14.3 per cent discount to its last close price and a 16.3 per cent discount to its 10-day volume-weighted average price.
Funds will be centred on its Lake Carey gold project, which is near other gold mines including AngloGold Ashanti’s Sunrise Dam mine and Goldfiled’s Granny Smith mine. They’ll also be used for field sampling, advancement of its Thailand lithium project and working capital.
Bids were due by 5 pm on Monday.
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