Mac Equity to Fund Mutiny’s WA Key Projects
Mutiny Gold Limited: ASX:MYG, a diversified Australian resources company, has announced that it has signed an agreement with Mac Equity Partners Pty. Ltd. to secure the necessary funds to continue aggressive exploration activities at its two flagship Western Australian projects. The two projects are the White Well gold project in the Murchison and the Widgie […]
Mutiny Gold Limited: ASX:MYG, a diversified Australian resources company, has announced that it has signed an agreement with Mac Equity Partners Pty. Ltd. to secure the necessary funds to continue aggressive exploration activities at its two flagship Western Australian projects. The two projects are the White Well gold project in the Murchison and the Widgie South Nickel project in the goldfields.
The press release is quoted saying:
“In addition to a 6% commission on the funds raised and 5,000,000 options (exercise price 5 cents each, expiry date 3 years from the date of shareholder approval), the terms of the Mandate provides for the issue of options on the basis of 1 option for every 1 share subscribed to (exercise price 5 cents each, expiry date 3 years from the date of shareholder approval). The issue of all options is subject to shareholder approval at a general meeting planned for July 2010.”