Gold explorer Tietto Minerals will raise A$62.5-million through a share placement and share purchase plan (SPP) to fund exploration work and feasibility studies at the Abujar gold project, in Cote d’Ivoire.
The ASX-listed company on Monday said that it had received firm commitments for the placement of 92.7-million shares, at a price of 62c each, to institutional and sophisticated investors, to raise an initial A$57.5-million.