PROJECT FINANCE

Sihayo hunting for cash

SIHAYO Gold’s six major shareholders have agreed to underwrite the bulk of an entitlement offer to allow the company to repay shareholder loans and fund its exploration and permitting operations.

 Sihayo has operated in Indonesia for some 15 years

Sihayo has operated in Indonesia for some 15 years

The Indonesia-focused gold explorer is seeking up to A$11.8 million at 0.4c per share, a 0.1c premium to recent trading.   The four-for-five non-renounceable entitlement offer underwritten for the...

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