Shares in Perth-based gold mining junior Minera Gold have risen by 25 per cent after the company signed a Letter of Intent (LOI) with a private Peruvian entity to utilise a 200 tonne-per-day CIP gold circuit for its Torrecillas gold project in Peru.
Mundo Minerals has quit its interests in Brazil with the sale its wholly-owned Brazilian subsidiary Mundo Mineracao Ltda, known as Mundo Brazil, to with a group of Brazilian high net worth individu
Perth-based Mundo Minerals' wholly owned Brazilian subsidiary Mundo Mineração has filed for creditor protection from a Brazilian judge against a US$8.1 million debt.
Shares in Mundo Minerals have slipped after it said it secured the support of several substantial US-based investment funds as part of its bid to raise between $10 million and $15 million.
The $5.3 million share purchase plan issued by West Perth-based gold explorer Mundo Minerals Ltd has been fully underwritten by Lodge Corporate Pty Ltd, which the company says will increase its available cash to over $30 million.
Perth company Mundo Minerals has announced plans for a $20 million initial public offering and in the process may have set a new benchmark for gold exploration floats.
Newly established gold exploration company Mundo Minerals Ltd is planning one of the biggest gold floats seen recently on the Australian Stock Exchange.
