Fosterville South Cash Position Grows to $30.35 Million and Completes Spinout of Leviathan Gold Ltd. to Fosterville South Shareholders
With $30.35 million in cash on hand, the Company is in an excellent position to accelerate drilling and other exploration activities on multiple projects.
- With $30.35 million in cash on hand, the Company is in an excellent position to accelerate drilling and other exploration activities on multiple projects.
- Separately, Fosterville South completed the spinout of Leviathan Gold Ltd. ("Leviathan Gold") to the shareholders of Fosterville South by way of plan of arrangement (the "Arrangement").
- Leviathan Gold recently announced a $7.5 million subscription receipt financing which was significantly oversubscribed due to strong institutional interest.
- Except as required under applicable securities legislation, Fosterville South does not undertake to publicly update or revise forward-looking information.