Marmota: Raises $6.5M for Aurora Tank
- Marmota (MEU) has raised $6.5M for its Aurora Tank gold discovery in South Australia
- The company issued over 122M shares for 5.3 cents per share to institutional and sophisticated investors
- Then the placement had strong demand and oversubscribed within hours of opening on Friday morning
- Marmota delighted with the interest shown in the company by investors,” Chairman Dr Colin Rose said
- Marmota is aiming to commence its largest-ever reverse circulation drilling program at Aurora by next week
- On market close, Marmota is down 12.7 per cent, while shares are trading for 5.5 cents per share
