Well placement completed and everything on target.
Good to see Maquarie Bank come aboard as the second largest holder. They should hold long term as well.
Gone quiet sp wise but volume has decreased on this pull back and there is no props or games in the sp so its a good time to top up imo.
ST target is still 30c imo. Lets see what the gold price does as well.
Cheers
Chris
$10 MILLION PLACEMENT CLOSED FULLY SUBSCRIBED Coventry Resources Limited (ASX:CVY and the Company) is very pleased to advise that it has closed its $10 million placement. This placement has been fully subscribed. Cygnet Capital Pty Ltd was Lead Manager to the placement. Following completion of the acquisition of the +1Moz Cameron Lake Gold Project in Ontario, Canada, the Company has received binding investment commitments from numerous institutional investors that facilitates the closing of the placement. In addition the Company welcomes Macquarie Bank Limited (Macquarie) to its register. Having committed to invest $2.5 million in the Company, Macquarie will become the Companys second largest shareholder, after Nuinsco Resources Limited, the vendor of the Cameron Lake Gold Project.
CVY Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
