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Southern Gold fully funded after $4mln raise as it gets busy with drilling and new discoveries

Southern Gold Limited's (ASX:SAU) Simon Mitchell speaks to Proactive London's Andrew Scott after raising $4mln - via cornerstone investor Metal Tiger PLC (LON:MTR) and other institutional and sophisticated investors.

''We wanted to be funded for this year ...we've got a lot of drilling to do, we're making new discoveries and importantly Metal Tiger's taken an interest in what we're up to''.

'They've done site visits, a lot of due diligence, they love what they see and they wanted to be a part of it''.

Quick facts: Southern Gold Limited

Price: 0.09 AUD

ASX:SAU
Market: ASX
Market Cap: $19.2 m
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Southern Gold 'in strong position' as it agrees sale price for Gubong and...

Southern Gold Ltd’s (ASX:SAU) Simon Mitchell speaks to Proactive's Andrew Scott following the news they've agreed a sale price with Bluebird Merchant Ventures PLC (LON:BMV) for its joint venture interests in the Gubong and Kochang gold mines in South Korea. The price payable by BMV is...

on 29/11/20

2 min read