PROJECT FINANCE

Emerald to cornerstone Bullseye raising

ALMOST one year on from making its first investment in Western Australia-focused Bullseye Mining, Emerald Resources has agreed to cornerstone an entitlement issue to repay loans, fight multiple court cases, and fund drilling at its flagship gold project.

 Bullseye is drilling 98,000m

Bullseye is drilling 98,000m

The unlisted Bullseye, where Emerald owns 59.3%, is passing around the tin to raise up to A$6.46 million at 29c per share.   Emerald is set to pump in $3.8 million, and the second-largest shareholder...

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