Cauldron Energy: Raises $750k for continued drilling at Blackwood project

March 15, 2022

502

Cauldron Energy: Raises $750k for continued drilling at Blackwood project

Must read

Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

Cauldron Energy Raises $750k for continued drilling at Blackwood project

Cauldron Energy (CXU) emerges from a trading halt revealing plans for a $750,000 placement
Over-subscriptions were received for the placement which comprises over 44 million new fully paid ordinary shares issued at 1.7 cents each
With the fresh capital Cauldron says it is able to advance exploration at its gold, uranium and sand gold projects
In particular, most of the funds will go towards completion of drilling at the company’s Blackwood gold project in Victoria
Shares resumed trade today, dropping 9.5 per cent to 1.9 cents