Tanga funded for new focus

TANGA Resources has raised cash and appointed former Centamin CEO Andrew Pardey as chairman.

Tanga funded for new focus Tanga funded for new focus Tanga funded for new focus Tanga funded for new focus Tanga funded for new focus

Andrew Pardey

The company received binding commitments for a two-tranche placement of 233.3 million shares to raise A$7 million.

Shares will be issued at 3c per share, an 18.9% discount to the last closing price.