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Newfoundland gold explorer raises funds ahead of scoping results

Explorer Matador Mining has raised A$5.2 million ahead of a scoping study being completed next month for its Cape Ray gold project in Newfoundland.

Newfoundland gold explorer raises funds ahead of scoping results Newfoundland gold explorer raises funds ahead of scoping results Newfoundland gold explorer raises funds ahead of scoping results Newfoundland gold explorer raises funds ahead of scoping results Newfoundland gold explorer raises funds ahead of scoping results

The Cape Ray project in Newfoundland, Canada

The $5 million will come from issuing new shares to undisclosed investors priced at 20c each, though Matador did say unspecified directors are tipping in $270,000 of the funds being raised.