West Perth-based Adamus Resources Ltd has raised a further $1 million through a private placement with Resource Capital Funds, after last month raising over $2 million.
West Perth-based Adamus Resources Ltd has raised a further $1 million through a private placement with Resource Capital Funds, after last month raising over $2 million.
Adamus today announced it had placed 3.4 million shares at a price of 30 cents each to Denver-based private equity fund Resource Capital
"This adds another key cornerstone investor to Adamus' register with the capacity to assist in future raisings," chief executive Mark Bojanjac said.
Last month the company raised over $2 million through the private placement of 6.8 million shares at 30c each to institutional and sophisticated investors.
The company is currently developing its Southern Ashanti gold project in Ghana.