Freehill Mining: Raises $700k from existing investor
- Freehill Mining (FHS) has raised $700,000 through the issue of 14 million shares at an issue price of $0.05 cents each
- These shares issued to professional and sophisticated investor, Gavin Ross, as well as associated parties
- Gavin is an existing shareholder in the company, having invested $750,000 in February
- This money will also provide Freehill with financial flexibility and allow it to advance project development initiatives
- Then the primary focus is the delivery of a project feasibility study, which has already begun
- Freehill has ended the day 4.17 per cent in the red with shares trading for 4.6 cents each
