Proceeds slated for deep diamond drilling of the Anthony project
By Devika Patel
Knoxville, Tenn., Sept. 8 - Zamia Gold Mines Ltd. said it raised A$1 million in a private placement of shares.
The company sold 14,285,714 shares at A$0.07 per share. The per-share price represents a 7.9% discount to the A$0.076 closing share price on Sept. 7.
Proceeds will be used to continue the company's development strategy, including the deep diamond drilling of the Anthony molybdenum project.
Based in Sydney, Australia, Zamia Gold Mines explores for deposits of molybdenum, gold and copper.
| Issuer: | Zamia Gold Mines Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$1 million
|
| Shares: | 14,285,714
|
| Price: | A$0.07
|
| Warrants: | No
|
| Settlement date: | Sept. 8
|
| Stock symbol: | Australia: ZGM
|
| Stock price: | A$0.076 at close Sept. 8
|
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