3 rigs to drill at least 30,000mtrs, as well as test the 22kms of potential strike.
Enable BFS study to continue and broaden in scope.
Pay down debt to OCP, to position AML for development financing.
Strong demand from existing shareholders and high quality new long term institutional investors.
At 28c the price is right as far as I am concerned, this is great news going into 2018, couldn't have hoped for any better really.
Great festive season and new year to all holders
mc
Ann: $30 Million Institutional Placement, page-2
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