Ongwe Minerals increases fundraising to about N$238m
Ongwe Minerals has increased the size of its previously announced capital raising, with the Canadian-listed gold explorer seeking up to N$238 million to advance exploration activities at its Namibian gold projects.
CHAMWE KAIRA
Ongwe Minerals has increased the size of its previously announced capital raising, with the Canadian-listed gold explorer seeking up to N$238 million to advance exploration activities at its Namibian gold projects.
The company announced that it has increased its “best efforts” listed issuer financing exemption (LIFE) offering to .up to 11.16 million common shares priced at C$1.38 each, targeting gross proceeds of approximately N$183 million.
The offering is being led by Beacon Securities, together with Research Capital Corporation and a syndicate of Canadian investment firms.
