An Excluded Offer through the placement of ~17.84 million fully paid shares in Torian Resources Limited ACN 002 261 565 (‘Torian’ or ‘the Company’) at a price of $A0.185 to raise up to $A3,300,000.
`Torian Resources is a gold exploration company with tenements focused on the Zuleika Shear at Kundana in WA.
The additional funds will allow Torian to accelerate its drilling programme and test deeper targets near the important Pegasus and Johnson’s Rest discoveries.’
Funds raised via the Placement will be used for:
- Cost of the placement;
- Cascade transaction;
- Mt Stirling Drilling and Metallurgical Test work
- Zuleika Drilling
- Administration and Working Capital needs.
This investment is speculative and has significant risks as no assurance can be given that the company will be successful in its endeavours. Taking this into account, we believe that this opportunity has merit for potential capital growth.
*This does not constituent an offer*