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WA gold miner seeks US$40M for growth plan

Days after setting a January 2021 deadline for its maiden gold pour, Ora Banda Mining is seeking A$55 million (US$38 million) to ensure its plan to restart operations at Davyhurst, in Western Australia’s Eastern Goldfields, is fully funded.

WA gold miner seeks US$40M for growth plan WA gold miner seeks US$40M for growth plan WA gold miner seeks US$40M for growth plan WA gold miner seeks US$40M for growth plan WA gold miner seeks US$40M for growth plan

Davyhurst in Western Australia should be humming soon

The raising comes in the form of a A$40 million institutional placement and an accelerated $15 million entitlement offer, both priced at 23c per share, a 9.8% discount to the previous trading level.