Siren Gold: Raises $2.6m for Reefton and Sams Creek, NZ

Siren Gold Raises $2.6m for Reefton and Sams Creek, NZ

• Siren Gold (SNG) is raising $2.6 million through a share placement to further explore the Reefton and Sams Creek goldfields in New Zealand
• The company plans to issue 17.3 million shares to investors at 15 cents per share
• Siren directors have committed to investing a further $180,000 into the business on top of the placement, subject to shareholder approval
• The money raised will go towards drilling and field activities at Siren’s Big River, Lyell, Auld Creek and Sams Creek projects
• Siren says it will use the money to keep growing its global resource base, which recently hit just under one million ounces of gold
• SNG shares are down 5.71 per cent to trade at 16.5 cents at 3:07 pm AEDT