Orosur: Turner Pope
has raised £1.25m (gross) new funding through an equity placing (the ‘Placing’) priced at 6.6p/share (representing a c.25% discount to Toronto and London’s mid-market close on 18 December 2024. No General Meeting (‘GM’) is required for this issue which, along with cash-in-hand of c.US$0.5m (as of 18 December 2024) will primarily be directed toward further drilling, mapping, licencing and resource development costs at its advanced Anzá Gold Project (‘Anzá, ‘the Project’). The Placing is subject to approval of the TSX-V. The Placing Price translates to 12.0 Canadian cents at the exchange rate of GBP1=CAD$1.82. No finder’s fees have been paid as part of the Placing. Admission of the new shares will become effective on or around 30 December 2024.
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