Funds will be centred on its Lake Carey gold project in Western Australia.
Western Australian gold developer Matsa Resources was asking investors for a $1.5 million equity injection to fund its exploration projects on Monday.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.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.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories.
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