Options raise $17.6M for Cardinal

THE exercise of listed options has netted A$17.6 million in proceeds for near-term gold developer Cardinal Resources.

Options raise $17.6M for Cardinal Options raise $17.6M for Cardinal Options raise $17.6M for Cardinal Options raise $17.6M for Cardinal Options raise $17.6M for Cardinal

Cardinal CEO Archie Koimtsidis presenting at ResourceStocks Sydney this week

Investors exercised 117.4 million listed options at a strike price of 15c that expired on Monday.

It represented an exercise rate of 99.84%, with only 188,081 options expiring unexercised.