- Raiden Resources has received applications to undertake a $1M capital raise and begin drilling at the Kalabak Project in Bulgaria
- To raise the $1M, Raiden will issue more than 142M fully paid ordinary shares to sophisticated and professional investors at 0.7 cents each
- The company will use the money to advance its projects, further acquisitions, and provide working capital
- As stated before, Raiden has also received applications to begin drilling at the Kalabak Project
- Work will begin at the Sbor target and then move to the Belopolsti epithermal gold target
- Raiden is up a healthy 33.3 per cent on the market and shares are trading for 1.2 cents each
