Central Rand Gold raises £1.22m to continue operations

February 5, 2016

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South African miner Central Rand Gold (CRG) has raised gross proceeds of £1.22-million, through the proposed issue of 34.5-million new ordinary shares, at an issue price of 3.5p apiece. The proceeds would be used to further its surface mining strategy, identify and source further plant feed material and facilitate a programme of plant upgrades and efficiency processes to further improve plant availability and recovery rates.

Category: General