WA-focused gold mining company, Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) is pleased to provide the details of a A$15 million equity funding package to be provided by LDA Capital Limited.
Classic Minerals Limited (ASX:CLZ) is an exploration and development company focused on gold deposits in Western Australia s famous Goldfields region. In March 2017, Classic acquired the Forrestania Gold Project, with seven tenements stretching across 450km2. Strategically located in a very prospective region, the FGP is an underexplored package surrounded by multimillion ounce deposits such as Bounty (2Moz) and Yilgarn Star (1.5Moz).
Classic Minerals Limited (ASX:CLZ) is pleased to announce that it has entered into a mandate with Still Capital Pty Ltd for a capital raising of up to $4.0 million by way of a proposed issue of convertible notes, each with a face value of $25,000.