Capital raised to advance one of South Africa's last PGM development opportunities
Sydney- and Johannesburg-listed platinum group metals (PGM) development company Southern Palladium has secured commitments to raise equity capital of A$8-million to advance the staged mine development at Bengwenyama, one of the last premier greenfield PGM development opportunities in the Bushveld Complex. Firm commitments have been received for a placement of 16 million new fully paid ordinary shares at A$0.50 per share, with A$4.6-million arising from a cornerstone shareholders.
Sydney- and Johannesburg-listed platinum group metals (PGM) development company Southern Palladium has secured commitments to raise equity capital of A$8-million to advance the staged mine development at Bengwenyama, one of the last premier greenfield PGM development opportunities in the Bushveld Complex. Firm commitments have been received for a placement of 16 million new fully paid ordinary shares at A$0.50 per share, with A$4.6-million arising from a cornerstone shareholders.
