logo-loader

Southern Gold fully funded after $4mln raise as it gets busy with drilling and new discoveries

Published: 11:34 25 Mar 2020 GMT

Southern Gold Limited's (ASX:SAU) Simon Mitchell speaks to Proactive London's Andrew Scott after raising $4mln - via cornerstone investor Metal Tiger PLC (LON:MTR) and other institutional and sophisticated investors.

''We wanted to be funded for this year ...we've got a lot of drilling to do, we're making new discoveries and importantly Metal Tiger's taken an interest in what we're up to''.

'They've done site visits, a lot of due diligence, they love what they see and they wanted to be a part of it''.

Southern Gold's Simon Mitchell discusses value realisation plans for Gubong...

Southern Gold Ltd's (ASX:SAU) Simon Mitchell speaks to Proactive's Andrew Scott after announcing they're seeking to realise value from its 50% equity interests in the Gubong and Kochang projects in the Republic of Korea. He says they're offering them to joint venture partner Bluebird Merchant...

on 5/8/20