Perseverance to raise $30 million

PERSEVERANCE Corporation plans to issue $30 million in subordinated convertible notes to fund open cut and underground development at its Fosterville gold mine, step up exploration and repay an existing debt facility.

Perseverance to raise $30 million Perseverance to raise $30 million Perseverance to raise $30 million Perseverance to raise $30 million Perseverance to raise $30 million

Managing director Graeme Sloan told MiningNews.net the funds would leave the company in a “very strong financial position”

“All of it’s going to be used at Fosterville,” Sloan said.

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