Santana offers one-for-five bonus option for shareholders

The Santana gold project may rival Oceana Gold's nearby Macraes mine for production. (Image: NZME)

Wed, 31 Jan 2024

Central Otago gold explorer Santana Minerals is leveraging the recent surge in its share price to offer shareholders a discounted share option that could raise A$38.4 million (NZ$41.4m) for the company if all options are exercised.The one-for-five bonus option will be available to all shareholders on the register at Feb 28 next month and can be exercised at a price of $1.08 per share at any time before Feb 28 next year.The strike price on the non-renounceable bonus right is a 7.5% discount to the variable weighted average price of Australian se...

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