https://www.engineeringnews.co.za

Silver Mines raises exploration funds

9th September 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Silver Mines has completed a A$10-million capital raise to institutional and sophisticated investors to fund exploration activities.

Silver Mines will issue 100-million new shares, at 10c each, under its existing placement capacity.

The funds raised under the placement will underpin the expansion of exploration activities, including drilling at the Bowdens silver project and the Barabolar project, in central New South Wales, as well as the completion of the environmental impact statement for the Bowdens project.

Silver Mines MD Anthony McClure on Monday said that the company was delighted with the response to the capital raise from both new and existing investors.

“This is a direct reflection of the substantial potential of the Silver Mines asset base and in particular, the Bowdens project and the Barabolar project.

“We are in a surging silver commodity price cycle and with our expansive exploration programmes as well as our submission for development approvals for the Bowdens silver project, we are looking forward to a particularly positive period for the company.”

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rio-Carb
Rio-Carb

Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...

VISIT SHOWROOM 
Industrial Nozzles & Systems (Pty) Ltd
Industrial Nozzles & Systems (Pty) Ltd

Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.067 1.029s - 140pq - 2rq
Subscribe Now