Directors Dealings EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for sustainable waste-to-energy projects, announces the results of the Fundraising, further to its announcements of 7.00 a.m. and 10.42 a.m. today. The Fundraising was oversubscribed. The Placing, the PrimaryBid Offer and the Subscription has raised £16 million (before expenses) through the placing of 712,333,326 Placing Shares, subscription for 66,666,666 PrimaryBid Shares and subscription for 287,666,664 Subscription Shares, in each case at an Issue Price of 1.5 pence per share. Capitalised terms used but not defined in this announcement shall have the meaning given to them in the announcement at 7.00 a.m. today.
§ 101,069 ounces ( ozs ) of gold poured in 2020 (115,649 ozs in 2019) § US$1,147/oz All in Sustaining Cost ( AISC ) in 2020 (US$986/oz AISC in 2019) § Average grade of 2.41 grammes per tonne ( g/t ) in 2020 (2.88 g/t in 2019) § 104,174 ozs of gold sold in 2020 at an average price of US$1,745/oz § Impressive Total Recordable Injury Frequency Rate ( TRIFR ) of 0.82 (2019 2.82) § Successful 2020 drilling programme of ~21,000 metres completed at Yanfolila § June 2020 earn-in agreement with Pasofino Gold Ltd ( Pasofino ) to advance and fund the Dugbe Gold Project in Liberia ( Dugbe ) to completion of feasibility study § September 2020 acquisition completed of the Kouroussa Gold Project in Guinea ( Kouroussa ), with mining licences granted in May 2021