Arrow Minerals Ltd raises $3 million in strongly supported placement to accelerate exploration on multiple high-grade gold targets

Arrow Minerals raises $3 million in strongly supported placement to accelerate exploration on multiple high-grade gold targets
Funds will be used to undertake high impact gold exploration in West Africa and gold and base metals exploration in Australia.
The issue price of 6 cents per Share represents a 24.63% discount to the 20-day VWAP of 8 cents per share.
Arrow Minerals Ltd (ASX:AMD) has received commitments from qualified sophisticated and professional investors to raise $3 million through the issue of 500 million shares at 6 cents per share.
The placement includes participation by directors of the company, who have subscribed for 9,501,333 shares, the issue of which will be subject to shareholder approval at Arrow’s next general meeting.

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