Ongwe Minerals launches N$180 million capital raise
Canadian-listed gold explorer Ongwe Minerals Incorporated has announced plans to raise up to C$13 million (approximately N$180 million) through a share offering and private placement to fund exploration activities on its Namibian gold projects.
CHAMWE KAIRA
Canadian-listed gold explorer Ongwe Minerals Incorporated has announced plans to raise up to C$13 million (approximately N$180 million) through a share offering and private placement to fund exploration activities on its Namibian gold projects.
The company said it has entered into an agreement with Beacon Securities Limited and Research Capital Corporation to conduct a “best efforts” listed issuer financing exemption (LIFE) offering aimed at raising approximately C$10 million through the sale of 7.25 million common shares at C$1.38 per share.
