Junior financing, appointments roundup: Antioquia, Amarillo, Alset

By
Monday, March 19, 2018

Antioquia Gold filed a preliminary short form prospectus in respect of a rights offering to raise up to Cdn$62.5mn (US$47.7mn).

Proceeds will be used to advance the Cisneros gold project in Colombia and for general corporate expenses, working capital and debt repayment.

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Amarillo Gold plans to raise Cdn$3.0mn through a non-brokered private placement.

The proceeds will be used to move forward the company's exploration and development projects and for general corporate purposes. Amarillo has the Mara Rosa and Lavras do Sul gold projects in Brazil.

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Alset Minerals appointed Gennen McDowall as CEO, replacing Allan Laboucan, who resigned.

The company also plans to raise up to Cdn$960,000 through a non-brokered private placement. Proceeds will be used for general working capital and to advance its lithium projects in Mexico.