Join our daily newsletter At The Bell to receive exclusive market insights
- Okapi Resources (OKR) receives binding commitments to raise $2.5 million through a placement to fund exploration
- This includes the diamond drilling program at its Enmore gold project in New South Wales and the Athabasca North American summer exploration program
- A total of 16.6 million new shares will be issued at a price of 15 cents each
- Each new share subscribed for will come with one attaching option, exercisable at 30 cents and expiring in two years
- Shares are trading flat on market close at 18 cents each
Okapi Resources (OKR) has received binding commitments to raise $2.5 million through a placement to fund exploration.
This includes the diamond drilling program at its Enmore gold project in New South Wales and the Athabasca North American summer exploration program.
A total of 16.6 million new shares will be issued at a price of 15 cents each.
Each new share subscribed for will come with one attaching option, exercisable at 30 cents and expiring in two years.
Subject to shareholder approval, Directors’ plan to subscribe for $131,000 worth of shares.
Managing Director Andrew Ferrier said the company is well positioned to maximise shareholder value.
“The current global energy crisis has highlighted the need for western countries to secure clean, reliable and carbon-free energy – nuclear power is going to play an important role in achieving net zero carbon,” he said.
Shares were trading flat on market close at 18 cents each.
