AuTECO Minerals Ltd (ASX:AUT, OTC:MNXMF)’s Ray Shorrocks joins Proactive’s Andrew Scott to highlight the company’s recent share placement, which has already received firm commitments to raise up to A$20 million through a placement of shares at an issue price of 8 cents a share.
AuTECO’s placement has received commitments from both new and established investors, who are reportedly drawn by the value offered by the Pickle Crow Project’s strong economics, with AuTECO adding more than half-a-million ounces to the flagship gold resource at a cost of less than A$20/ ounce.
The Pickle Crow Project JORC resource now sits at 2.23 million ounces at 7.8 g/t.