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Savannah Goldfields Secures $14M to Restart Agate Creek and Georgetown Mines
10:33am on Monday 3rd of February, 2025 AEDT
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Mining
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Savannah Goldfields Secures $14M to Restart Agate Creek and Georgetown Mines
10:33am on Monday 3rd of February, 2025 AEDT
Key Points
Capital raising program targets $14 million through placements, entitlement offer, and convertible notes
Cornerstone investor Wes Maas commits approximately $7 million, gaining near 20% stake
Funds allocated to mining restart, exploration, environmental assurances, and debt repayment
Equity raising fully underwritten by Morgans Corporate Limited
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Savannah Goldfields (ASX:SVG)
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