CVY 0.00% 11.0¢ coventry resources limited

With recent announcement on the Ardeen gold...

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  1. 2,196 Posts.
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    With recent announcement on the Ardeen gold project...

    "Significant gold mineralisation intersections"

    And the acquisition of the "Advanced high grade Cameron Lake Gold Project",

    Could CVY be seen as a takeover target?

    Is this Cap Raising for the purpose of funding the "100% interest in the Advanced High Grade Cameron Lake Gold Project"? The aquisition was announced on 23rd December 2009, but I have not been able to locate any further info on how this was going to be funded.

    cheers
    Ange
 
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