TSXV:BZMetals and Mining
How Private Placement Funding Will Impact Benz Mining Stock Investors
Benz Mining completed a private placement of 40,431,267 new CHESS Depositary Interests at A$3.71 each, raising A$150,000,000 to fund an expanded 450,000m drilling program at Glenburgh, as well as resource studies, permitting and working capital.
The cash injection shifts Benz Mining from a single rig program to a 14 rig campaign across 20 shifts, making Glenburgh one of the largest active gold exploration drilling efforts in Australia and putting execution speed at the center of the...