Havilah seeks funding infusion after GFG deal shot down

THE zeal of Havilah Resources shareholders to support the previous strategy of issuing equity for exploration after voting down a potential A$100 million deal with Indian conglomerate GFG Group is about to be put to the test with the company launching a $5.4 million rights issue today. 

Havilah seeks funding infusion after GFG deal shot down Havilah seeks funding infusion after GFG deal shot down Havilah seeks funding infusion after GFG deal shot down Havilah seeks funding infusion after GFG deal shot down Havilah seeks funding infusion after GFG deal shot down

Havilah wants cash to complete a PFS.

Technical director Dr Chris Giles, whose vote was crucial in sinking the deal last month, and one other major shareholder, are at least prepared to put their money up, backing the issue for their full