West Wits Mining Ltd (ASX:WWI) shares surged more than 20% higher intra-day after entering into an equity financing facility with SBC Global Investment Fund.
Modi Mining is a 100% black South African-owned company founded and owned by mining engineer and entrepreneur Samuel Molefi and entrepreneur Christina Motlapele Molefi. The company was established with the sole objective of rendering differentiated contract mining services and to be a supplier of choice to the mining industry. (Also watch attached Creamer Media video.)
West Wits Mining, the Australia-listed Witwatersrand gold reviver that is advancing fast on an initial A$9.5-million capital raise, is the beneficiary of an unexpected gold find that will result in income being generated considerably sooner than expected. From next month, West Wits Mining, headed by MD Jac van Heerden, will begin turning valuable vamping material to account that nobody knew was there. (Also watch attached Creamer Media video.)