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TNT Mines reels in $5.25 million in strongly supported placement
The company plans to use proceeds from the placement primarily for drilling at the new Reids North prospect and also for follow-up reverse circulation drilling at Eureka South. Strong support for the placement is an endorsement of the company’s strategy.
TNT Mines Ltd (ASX:TIN) has received firm commitments from existing and new, institutional and sophisticated investors for a strongly supported placement that has raised A$5.25 million.
The company will issue 35 million new fully paid ordinary shares at a price of $0.15 per share.
Funds will primarily be used for drilling at the new Reids North prospect and also for a follow-up reverse circulation (RC) drilling at Eureka South.
Weekend Post
Breaking News
Botswana Unified Revenue Services (BURS) has lost an P80 million tax claim against Prevailing Securities (Pty) Ltd, a company owned by Shadrack Baaitse, an ally of former President Lt Gen Ian Khama.
Lobatse High Court Judge Michael Leburu this week ruled in favour of Danny Julius Guduli in his capacity as the Judicial Manager of Prevailing Securities (Pty) Ltd against Botswana Unified Revenue Services (BURS) and its Commissioner General.
On the 17
th August 2018, the company [Prevailing Securities] was selected by the BURS for Tax Investigations. The Managing Director, Baaitse, attended an interview called by BURS, duly represented by Kaone Molapo, Daphney Baka and Samuel Mokelwane. The said interview was in respect to the company’s tax liability.
Uphill battle in Khama’s quest to charge Hubona
Breaking News
A matter in which former President Lt Gen Ian Khama had brought before Broadhurst Police Station in Gaborone, requesting the State to charge Directorate on Corruption and Economic Crime (DCEC) lead investigator, Jako Hubona and others with perjury has been committed to Headquarters because it involves “elders.”
Broadhurst Police Station Commander, Obusitswe Lokae, told this publication this week that the case in its nature is high profile so the matter has been allocated to his Officer Commanding No.3 District who then reported to the Divisional Commander who then sort to commit it to Police Headquarters.