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Minotaur completes placement

Minotaur Exploration has raised A$1.58 million (US$1.13 million) from a placement to sophisticated investors, including a $1 million investment from Sprott that will see the American asset-management firm become Minotaur’s largest shareholder.

Mining Journal
Minotaur’s brownfields Kambalda West project is located in the Goldfields district of Western Australia

Minotaur’s brownfields Kambalda West project is located in the Goldfields district of Western Australia

With the placement, Minotaur issued 22.5 million shares at a price of $0.07/share, representing a 4.5% premium to Minotaur’s last trading price of A$0.067. In addition to its cornerstone investment in...

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