Antares Mining (ASX:AWW), formerly Caravel Energy, is raising up to $650,000 to continue its investigation into exploration options for its Olympic Dam Licences in South Australia.
The company has signed CPS Capital Group to place on a best endeavours basis 130 million shares priced at $0.005 each.
This will be carried out in two tranches with the first tranche of 80 million shares under its 10% placement capacity while shareholder approval will be sought for the remaining 50 million shares.
Antares holds about 2,300 square kilometres of granted licences and has identified a number of drill targets.
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News: Antares Mining raising funds to progress exploration of South Australian licences
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Last updated 10.24am 29/03/2024 ? |
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