Silver Swan raises $1.2m via placement
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Friday, 27 June, 2008 - 12:04
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West Perth-based explorer Silver Swan Group Ltd today announced it has received firm commitments to raise $1.2 million via share placement to fund exploration at its suite of projects in the Meekatharra area.
A portion of the placement is to be taken by previous directors of the company or their associated entities, subject to shareholder approval. Overall the placement will see 5 million shares issued at 23 cents each.
Settlement of the placement, other than the portion requiring shareholder approval, is expected to occur on 2 July 2008.