Auteco Minerals: Confirms $30.4M placement to fund Pickle Crow exploration

Auteco Minerals: Confirms $30.4M placement to fund Pickle Crow exploration

• Auteco Minerals (AUT) has confirmed it will undertake a fully underwritten placement to raise roughly $30.4 million
• This comes off the back of the company entering a trading halt this morning
• 225 million new fully paid ordinary shares will issued at 13.5 cents each
• The issue price represents a 10 per cent discount to the last closing price on Friday, July 3, of 15 cents
• Funds will go towards accelerating exploration activities at the Pickle Crow Gold Project in Ontario, Canada
• Shares remain in a trading halt, last trading for 15 cents each on July 3