On behalf of Torian's (ASX:TNR) Directors, I am pleased to offer Eligible Shareholders the opportunity to participate in a partially underwritten 1:4 renounceable entitlement offer of New Shares in the Company at an Offer Price of A$0.016 per New Share
Torian Resources Limited
Torian Resources Ltd (ASX:TNR) is a gold exploration and development company with an extensive and strategic land holding comprising eight projects and over 400km2 of tenure in the Goldfields Region of Western Australia.
Torian's flagship project, Zuleika, is located along the world-class Zuleika Shear. The Zuleika Shear is the fourth largest gold producing region in Australia and consistently produces some of the country's highest grade and lowest cost gold mines. Torian's Zuleika project lies north and partly along strike of several major gold deposits including Northern Star's (ASX:NST) 7.0Moz East Kundana Joint Venture and Evolutions (ASX:EVN) 1.8Moz Frogs Legs and White Foil deposits.
Torian's other projects include the strategically located Mt Stirling and Malcolm Projects in the Leonora region (near Red 5's King of the Hills Project), where it recently completed updated Mineral Resource Estimates and preliminary scoping studies, and a suite of other projects in the Kalgoorlie region including Credo Well JV Zuleika JV, Bonnie Vale, Gibraltar and Mount Monger/Wombola.
Torian Resources Limited (ASX:TNR) is pleased to announce that it is undertaking a renounceable rights issue offered on the basis of one new share for every four shares held to raise up to approximately $2.2 million.
Torian Resources Limited (ASX:TNR) is pleased to advise that Nova Minerals (ASX:NVA) (Nova) has elected for an early conversion of its convertible note (Note) in the Company (Conversion Agreement).
Torian Resources Limited (ASX:TNR) is pleased to advise of the broad nature of mineralisation across the Mt Stirling block identified in its preliminary eight-hole drill program.
Torian Resources Limited (ASX:TNR) is pleased to advise outstanding initial results from its Phase 1 RC drilling program focused on discovering depth extensions to historical gold intercepts at the Mt Stirling Gold Deposit.
Torian Resources Limited (ASX:TNR) is pleased to announce the completion of its Phase 1 RC drilling program, targeting extensions of mineralisation contained within the Stirling Block at the Mt Stirling Gold Camp at depth and along strike.
Nova Minerals Limited (ASX:NVA) (FRA:QM3) (OTCMKTS:NVAAF) is pleased to announce it has executed an agreement with Collins St Asset Management Pty Ltd ('CSVF' or 'Investor'), for an investment of A$2 million (with an additional loan of up to A$4 million.
Torian Resources Limited (ASX:TNR) is pleased to advise that it has received binding commitments for a placement from strategic investors to raise $395,000 (before costs) through the issue of approximately 26.3 million fully paid ordinary shares at $0.015 per share.
Torian Resources Limited (ASX:TNR) is pleased to announce drilling and other exploration activities have commenced at the Mt Stirling Gold Camp.
Torian Resources Limited (ASX:TNR) is pleased to provide an update on further desktop works uncovering a much larger area of interest at Mt Monger and Wombola Gold Projects that sit in the direct neighbourhood to Silver Lake Resources' (ASX:SLR) tenure which hosts its flagship Mt Monger Mine.