trending Market Intelligence /marketintelligence/en/news-insights/trending/t8fM8aUOes1ecAhNeVeL6w2 content esgSubNav
In This List

Cardinal to raise up to A$21.8M to advance Ghanaian gold project

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Cardinal to raise up to A$21.8M to advance Ghanaian gold project

CardinalResources Ltd. has completed a share placement of up to 75 millionshares at 29 Australian cents per share to raise proceeds of up to A$21.8million, it said July 11.

The funds raised will be applied primarily to fund furtherdrilling at theNamdini goldproject in Ghana, exploration at other Ghanaian properties of the company, technicalstudies and tenement acquisitions near Namdini as well as for working capital.

The placement includes investment by Precious Capital GlobalMining and Metals Fund in Switzerland and Colonial First State Growth Equitiesin Australia.