Emerging Goldfields explorer NTM Gold Limited (ASX: NTM) (“NTM” or “the Company”) is pleased to announce it has raised $1.5 million in a heavily oversubscribed placement of new shares. The new shares were priced at 5¢, a modest 8% discount to NTM’s pre-trading halt close of 5.4¢ on January 11. The equity raising was led by Argonaut, had targeted $1.25 million at 5¢ a share. However, commitments from sophisticated investors were significantly higher, prompting NTM to agree to increase the raised amount to $1.5 million at 5¢.
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