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Forrestania Resources Secures $360K to Boost Bonnie Vale Gold Drilling
8:38am on Monday 2nd of June, 2025 AEST
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Mining
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Forrestania Resources Secures $360K to Boost Bonnie Vale Gold Drilling
8:38am on Monday 2nd of June, 2025 AEST
Key Points
Non-brokered placement of 36 million shares at 1 cent each raises $360,000
Ultra Capital CEO Daniel Raihani to acquire a 7% stake in Forrestania Resources
Funds earmarked for follow-up drilling at Ada Ann prospect within Bonnie Vale Gold Project
Directors committed to $50,000 participation, subject to shareholder approval
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FORRESTANIA RESOURCES (ASX:FRS)
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