Cashed-up Overland to focus on Canada

OVERLAND Resources says it has taken a major step forward in achieving its objective of becoming a mid-tier resource player after raising $A12 million via a placement of 20 million new shares at 60c to fund evaluation and feasibility work at its Andrew zinc deposit in Canada.

Cashed-up Overland to focus on Canada Cashed-up Overland to focus on Canada Cashed-up Overland to focus on Canada Cashed-up Overland to focus on Canada Cashed-up Overland to focus on Canada

In an announcement to the market, Overland said part of the proceeds of the placement would be used to fund an extensive diamond drilling program commencing in June to upgrade the current JORC