Kirkland Lake Gold Ltd. (via Crocodile Gold Australia Pty Ltd) and the Victor Smorgon Group (via VBS Exchange Pty Ltd) are both investing more in NML. (They each have around 22m shares or 7.5%). More shares means more percentage of the company, and more possibility for a takeover. I hope it won't happen before we see a good market cap.
CAPITAL RAISE OF UP TO $2.5M TO ADVANCE EXPLORATION AT VICTORIAN PROJECT PORTFOLIO
Navarre completes Placement of 33.98 million new shares at $0.05 per share raising approximately $1.7 million
Strong support from major shareholders, Kirkland Lake Gold Ltd. and The Victor Smorgon Group, and new investors
Share Purchase Plan to raise up to $0.8 million to eligible shareholders at the Placement issue price of $0.05 per share
Funds raised to be applied to advance exploration at the Company’s flagship Irvine Gold Project and Tandarra Gold Project
Following successful completion of the capital raise Navarre will be fully funded for its planned 2018-19 field season
NML Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held
