Niger: Vital Metals raises fund for Bouli gold project
Wednesday, 28 March 2018 19:01
Vital Metals, active on Bouli gold project in Niger, announced on March 26 a fundraising of $3.8 million through the placement, in two tranches, of 422.2 million common shares worth $0.009 each.
The company will use the fund to fast-track exploration works on Bouli project and further its Watershed tungsten project in Queensland (Australia).
On Bouli project, where it has recently reported ultra-high grade results from works on Bella Tondi prospect, the company plans to realize more high-grade intersections.
Let’s note that the ASX-listed company headed by Mark Strizek also operates the Kollo gold project in Burkina Faso.
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