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Tietto Minerals chairman builds stake after participating in capital raise

The company aims to expand its 1.38 million ounce gold deposit within the Abujar Gold Project.

Tietto Minerals Ltd - Tietto Minerals chairman builds stake after participating in capital raise
Most recently the company intersected 73 metres grading 2.80 g/t gold

Tietto Minerals Ltd (ASX:TIE) non-executive chairman Francis Harper has been issued one million shares after participating in the recent $7.6 million two-tranche placement.

Harper paid $150,000 for the placement shares which increases his overall shareholding in the company to 9.8 million shares.

Funding from the placement has already played a major role in recent exploration success at the company’s Abujar Gold Project in Côte d’Ivoire.

Last week, Tietto revealed diamond drill hole ZDD061 had intersected 73 metres at 2.8 0g/t gold from 218 metres at the Abujar-Gludehi deposit.

Drilling is part of the ongoing 30,000-metre program focused on the 1.38 million ounce Abujar‐Gludehi deposit and Tietto aims to expand the JORC resource by the end of the calendar year.

Quick facts: Tietto Minerals Ltd

Price: 0.26 AUD

ASX:TIE
Market: ASX
Market Cap: $53.95 m
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