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MOHO RESOURCES LIMITED — Capital/Financing Update 2020
Sep 1, 2020
65359_rns_2020-09-01_3d5b1628-1605-4ffb-8684-32da39d56a46.pdf
Capital/Financing Update
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RESULTS OF SHARE PURCHASE PLAN
2 September 2020
Moho Resources Ltd (ASX: MOH ) (“ Moho ” or “ the Company ”) is pleased to announce the results of the Company’s Share Purchase Plan ( SPP ) which closed on 28 August 2020.
The SPP received applications from existing eligible shareholders of $1,113,000 being 8,561,500 new shares at an issue price of $0.13 per share. The new shares will be issued in accordance with the timetable for the SPP, expected to be on or about 8 September 2020.
The Company does not presently intend to place the shortfall and will apply funds received towards progressing the Company’s 100% owned Silver Swan North Project near Kalgoorlie, with a primary focus on advancing the next phases of drilling for mine studies and development of the highly prospective East Sampson Dam prospect. Funds will also be applied to advance gold exploration at the Company’s Burracoppin Project in the WA Wheatbelt and the Empress Springs Project near Croydon in Queensland.
ENDS
The Board of Directors of Moho Resources Limited authorised this announcement to be given to ASX.
For further information contact:
Ralph Winter
Commercial Director Moho Resources Limited T: +61 8 9481 0389 E: [email protected]