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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: 0.12 AUD

ASX:SAU
Market: ASX
Market Cap: $10.6 m
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Southern Gold active on the ground in South Korea with multiple rigs and...

Southern Gold Limited's (ASX:SAU) managing director Simon Mitchell tells Proactive London's Andrew Scott they're looking to become recognised as the go-to name for exploration in South Korea.  ''We're now 100% focused on South Korea and I think that's been well received by the market to...

on 22/11/19

2 min read