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Stock impact report

Hamelin Gold to accelerate exploration at WA gold projects with $1.68m placement [Yahoo! Finance]

Gold Fields Limited American Depositary Shares (GFI) 
US:NYSE Investor Relations: goldfields.com/investors.php
Company Research Source: Yahoo! Finance
A$2.8m ($1.68m) before costs, with shares priced at A$0.07 each, to accelerate gold exploration in Western Australia (WA). This funding includes an investment of around $815,000 from Gold Fields, a major shareholder in Hamelin, increasing its stake to approximately 17.7%. The placement also sees commitments from Hamelin's directors for roughly $100,000 in shares. The net proceeds from the placement will primarily finance exploration activities at the company's 100% owned WA gold projects. In the West Tanami region, the funds will support reverse circulation (RC)/diamond drilling at Jazz and Fremlins, aircore/RC drilling at Camel, Far SW, Hutch's and Ginger, and extend Ultrafine geochemical sampling across untested gold targets. In the Yilgarn region, the investment will enable diamond drilling of the Anderson gold anomaly, follow-up RC drilling at Ularring and initial aircore drill testing of priority gold targets at the Venus project, in addition to providing general workin Show less Read more
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