Ora Banda Mining Ltd's (ASX:OBM) incoming MD Peter Nicholson speaks to Proactive's Andrew Scott soon after announcing they've received firm commitments from new and existing professional and sophisticated investors to raise $21 million. They're also launching a share purchase plan (SPP) to existing eligible shareholders to raise a further $4 million. The cash will be used to fund resource definition and reserve replacement, maiden reserves work, regional exploration, ramp-up costs and working capital for the Davyhurst gold project.
Ora Banda Mining raises $21 million to advance exploration and reserves work at Davyhurst
