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How Will Tolu Minerals Deploy A$60.5M to Boost Tolukuma Gold Mine?
9:38am on Thursday 9th of October, 2025 AEDT
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How Will Tolu Minerals Deploy A$60.5M to Boost Tolukuma Gold Mine?
9:38am on Thursday 9th of October, 2025 AEDT
Key Points
A$60.5 million raised via single tranche institutional placement
Placement price set at A$1.20 per share, a 26.4% discount to last traded price
Funds allocated to exploration, gold plant refurbishment, and mine development
Strong support from both existing and new institutional investors
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Tolu Minerals (ASX:TOK)
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