Okapi Resources: Raises $2.5m to fund exploration programs

July 14, 2022

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Okapi Resources: Raises $2.5m to fund exploration programs

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

Okapi Resources Raises $2.5m to fund exploration programs

Okapi Resources (OKR) receives binding commitments to raise $2.5 million through a placement to fund exploration
This includes the diamond drilling program at its Enmore gold project in New South Wales and the Athabasca North American summer exploration program
A total of 16.6 million new shares will be issued at a price of 15 cents each
Each new share subscribed for will come with one attaching option, exercisable at 30 cents and expiring in two years
Shares are trading flat on market close at 18 cents each