- Dreadnought Resources (DRE) has raised over $1.5 million via a placement
- The company’s board and management have also exercised $142,500 in options, bringing their total investment to around $1 million
- The capital from today’s placement will used to fund reverse circulation and diamond drilling at its Illaara and Tarraji-Yampi projects
- In particular, the money will used to test multiple high-grade gold and base metal targets, with drilling to begin this month
- Dreadnought’s board and management have recently exercised $142,500 in options, bringing their total investment to around $1 million
- Shares in Dreadnought are trading up 22.2 per cent, at 1.1 cents per share
