G11 0.00% 2.7¢ g11 resources limited

News: Lawson Gold to raise funds

  1. Lawson Gold (ASX:LSN) has proposed a 1 for 1 non-renounceable, pro-rata entitlement at an offer price of $0.03 per share to raise up to $746,790.

    The Offer is partially underwritten by Taylor Collison to $373,395.

    The entitlement offer will be used to fund new project acquisitions or joint ventures as well as provide additional working capital.

    Lawson Gold holds prospective nickel and gold ground in Western Australia and during the quarter undertook review of several advanced mineral investment opportunities.

    The company is presently valued at $1 million with around $400,000 in cash.

     

 
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