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Exploration|Mining|PROJECT
Exploration|Mining|PROJECT
exploration|mining|project

AuMEGA plans $10m private placement

18th October 2024

By: Creamer Media Reporter

     

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Canada-focused AuMEGA Metals (formerly Matador Mining) said on Friday that it was in the process of arranging a private placement of $10-million.

The ASX- and TSX-listed company will use the proceeds of the raising to advance its exploration programme in Newfoundland and Labrador, which will include the firm’s biggest drill programme in the last three years of up to 20 000 m at the Bunker Hill project and Cape Ray.

Further, AuMEGA will invest in early-stage exploration activities at Hermitage and Malachite.

AuMEGA remains in a trading halt while it completes the nonbrokered private placement. A further release will be announced on Tuesday.

Edited by Creamer Media Reporter

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