Modena Resources Limited (ASX: MDA, the Company) is pleased to announce that it has received a letter of interest from Macquarie Bank Limited (Macquarie Bank) to propose funding for an initial package of four shallow drilling prospects in its South Texas Development Project subject to the satisfactory completion of technical due diligence and Macquarie Bank?s usual internal approvals.
The Company is currently providing additional technical data along with an independent reserve report and seismic data to progress Macquarie Bank?s technical due diligence process.
MDA Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held