Minotaur secures $1.5m placement
MINOTAUR Exploration has successfully completed a placement to raise A$1.5m to back its base metals tenements in Queensland and South Australia. New shares will be issued at $0.05 per share, representing around a 9pc discount to last close (on October 30, 2019) and around a 12pc discount to the 15-day volume weighed average price (VWAP) of $0.057. Minotaur managing director Andrew Woskett said that the investor support seen in the placement validated the company’s prospects, with the proceeds to be applied across Minotaur’s base metals exploration projects. “Works will include drilling for the Windsor JV plus drill targeting at Minotaur’s wholly-owned Peake and Denison, and Highlands projects,” Mr Woskett said. Around $0.950m of the placement will be spent at the…