Nusantara completes equity placement

NUSANTARA Resources has completed an A$11 million placement to help advance development of its US$146 million Awak Mas gold project in Indonesia, and it is looking to raise up to A$3 million more under a new share purchase plan. 

Nusantara completes equity placement Nusantara completes equity placement Nusantara completes equity placement Nusantara completes equity placement Nusantara completes equity placement

Awak Mas.

Strategic partner Indika Energy has agreed to chip in $3.6 million and will increase its stake from 21% to 22.9% via the placement, pending shareholder approval.

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