Indonesia-focused Sihayo Gold is hoping to raise A$32.1-million through a share placement and non-renounceable entitlement offer to fund exploration and early works at its Sihayo starter project. The ASX-listed company will raise an initial A$14.3-million through the placement of more than 572.4-million shares at a price of 2.5c each to institutional and sophisticated investors, under its existing placement capacity.
