Aureus secures $30m equity amid management shake-up

June 15, 2016

Responsive image

ASX- and Aim-listed Aureus Mining has secured a $30-million equity investment that will strengthen its balance sheet and fund working capital as Aureus completes the restart of the processing plant at the New Liberty gold mine, in Liberia, by mid-June. Aureus on Wednesday said it had entered an equity financing agreement with Turkish gold exploration and development company MNG Gold Jersey that would see the privately-owned firm become a 55% shareholder in Aureus, with three representatives appointed to the board.

Category: General