CAPITAL MARKETS

Ora raising funding to reset and target high grade Meekatharra gold

MURCHISON region explorer Ora Gold is believed to be raising in the order of A$8-9 million for a company reset that includes debt being repaid and Alex Passmore becoming CEO.

Ora raising funding to reset and target high grade Meekatharra gold

Ora owes $4.5 million to director Phil Crabb and is targeting net cash of about $3.5 million post-raising and debt repayment. Passmore, who until recently was running Rox Resources, takes the reins...

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