Savannah Goldfields (ASX:SVG) said it expects to restart gold production in the second quarter of 2025, according to a Tuesday filing with the Australian bourse.
The restart of production will depend on the timing of completion of current permit amendments and approvals processes, the filing said.
In the same filing, the company said it plans to raise about AU$6 million through an accelerated non-renounceable entitlement offer, a placement, and a conditional placement.
The capital raise is expected to be completed in January 2025, and details regarding the issue price, entitlement offer ratio, and key dates will be outlined in forthcoming documents, the company said.
Proceeds will be used for working capital and debt payment, among others.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。