PMI to raise $35m for Obotan
PMI Gold Corporation has entered a share purchase agreement with a syndicate of underwriters to raise $C35 million ($A32.8 million) to complete feasibility studies for its Obotan gold project in Ghana.
PMI announced today it had reached agreement with a syndicate co-led by Clarus Securities, RBC Capital Markets and GMP Securities, where the underwriters agreed to buy 28 million shares at $C1.25 ($A1.17) per share.
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