Explaurum welcomes Alkane investment

JUNIOR gold producer Alkane Resources has agreed to invest A$8 million in takeover target Explaurum.

Explaurum welcomes Alkane investment Explaurum welcomes Alkane investment Explaurum welcomes Alkane investment Explaurum welcomes Alkane investment Explaurum welcomes Alkane investment

Drilling at Tampia

Alkane will subscribe for 66.66 million shares at 12c each to become a 12.2% shareholder in Explaurum.

The issue price represents a 9.