Ampella tops up kitty

AMPELLA Mining’s share price soared in morning trade after the Africa-focused gold play announced a $A41.9 million boost to its bank balance to help fund exploration programs at its Batie West project in Burkina Faso.

Ampella tops up kitty Ampella tops up kitty Ampella tops up kitty Ampella tops up kitty Ampella tops up kitty

The funds were raised through the private placement of 21.5 million shares to institutional investors at $1.95 per share, an 8% discount to the company’s last closing price of $2.11.