Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Moho Resources (MOH) aims to raise nearly $800,000 for its East Sampson gold prospect, within its Silver Swan North Project in WA
  • The company will issue around 12 million shares at a price of 6.5¢ per share
  • Moho will conduct a scoping study at the prospect
  • Funds will also be used to explore Moho’s Empress Springs Project in Queensland
  • Moho is down 13.1 per cent on the market today, selling shares for 7.3¢ each

Moho Resources (MOH) aims to raise $797,316 for its East Sampson gold prospect.

The company will issue around 12 million shares at a price of 6.5¢ per share. This share price is a discount of 22 per cent of the last trading price.

The funds raised from the placement will be used to advance its East Sampson gold prospect at its Silver Swan North Project in Western Australia. The company aims to complete a scoping study at the prospect.

Silver Swan is located 50 kilometres northeast of the regional mining centre of Kalgoorlie. Moho believes Silver Swan is considerably under-explored and highly prospective for the discovery of both nickel and gold mineralisation.

Moho will also explore its Empress Springs Project in Queensland.

RM Capital are the lead managers for the Placement and will receive a Success Fee of $20,000, as well as a lead manager and placement fee of six per cent.

Moho is down 13.1 per cent on the market today, selling shares for 7.3¢ each at 12:32 pm AEST.

MOH by the numbers
More From The Market Herald
MetalsGrove Mining (ASX:MGA) - Managing Director, Sean Sivasamy

" MetalsGrove Mining (ASX:MGA) begins soil sampling at Upper Coondina

MetalsGrove Mining (ASX:MGA) has begun a soil sampling program at its Upper Coondina lithium project in…
Bryah Resources (BYH) - CEO, Ashley Jones

" Bryah Resources (ASX:BYH) raises $1.4m via placement

Bryah Resources (ASX:BYH) has received firm commitments from sophisticated and professional investors to raise $1.43 million…
The Market Herald Video

" Meeka Metals (ASX:MEK) banks fresh capital on sale of Gecko North

Meeka Metals (ASX:MEK) completes the sale of its Gecko North project in Western Australia to LithGold…
Godolphin Resources (ASX:GRL) - Managing Director, Jeneta Owens

" Godolphin Resources (ASX:GRL) receives final assays from Cyclops

Godolphin Resources (ASX:GRL) has received the final assays from the two-hole drilling and soil sampling program…