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How Mount Burgess Cleared $4.7M Debt to Acquire High-Grade WA Gold Projects

2:32pm on Tuesday 28th of October, 2025 AEDT Mining
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How Mount Burgess Cleared $4.7M Debt to Acquire High-Grade WA Gold Projects

2:32pm on Tuesday 28th of October, 2025 AEDT
Key Points
  • Debt extinguishment of $4.686 million with 95% forgiven
  • Acquisition of Viking and Blair North gold projects in WA
  • Completion of $900,000 share placement at $0.007 per share
  • Issuance of 86.4 million shares and 4.7 million options to creditors
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