{"id":893,"date":"2017-08-25T12:27:45","date_gmt":"2017-08-25T04:27:45","guid":{"rendered":"https:\/\/www.breakerresources.com.au\/?p=893"},"modified":"2017-08-25T12:27:45","modified_gmt":"2017-08-25T04:27:45","slug":"breaker-now-bundles-cash","status":"publish","type":"post","link":"https:\/\/www.breakerresources.com.au\/breaker-now-bundles-cash\/","title":{"rendered":"Breaker now has bundles of cash"},"content":{"rendered":"

MiningNews.net<\/h3>\n

BREAKER Resources has confirmed it has raised A$10 million, taking the junior\u2019s working capital position up towards a more than healthy $18-19 million ahead of a maiden gold resource estimate for its Lake Roe project later this year.<\/p>\n

The stated justification for the raising was a stock standard \u201cto advance\u201d work at Lake Roe.<\/p>\n

The raising wasn\u2019t particularly surprising given the strong share price rise enjoyed by Breaker in recent times, though managing director Tom Sanders told\u00a0MNN<\/em>\u00a0\u201cwe don\u2019t want to discuss internal strategies\u201d.<\/p>\n

The $10 million raised will be added to with a $1.5 million on offer in a SPP for existing Breaker shareholders.<\/p>\n

Breaker started July with $7.4 million, with a budgeted spend for the current quarter of $2 million.<\/p>\n

As previously widely publicised, the raising was priced at 70c.<\/p>\n

Shares in Breaker were down 4% to 71c in morning trade, capitalising the company at $91 million ahead of the issuing of the new stock.<\/p>\n

The stock was fetching about 20c 12 months ago.<\/p>\n","protected":false},"excerpt":{"rendered":"

MiningNews.net BREAKER Resources has confirmed it has raised A$10 million, taking the junior\u2019s working capital position up towards a more than healthy $18-19 million ahead of a maiden gold resource estimate for its Lake Roe project later this year. The stated justification for the raising was a stock standard \u201cto advance\u201d work at Lake Roe. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1],"tags":[],"yoast_head":"\nBreaker now has bundles of cash - Breaker Resources NL<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.breakerresources.com.au\/breaker-now-bundles-cash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breaker now has bundles of cash - Breaker Resources NL\" \/>\n<meta property=\"og:description\" content=\"MiningNews.net BREAKER Resources has confirmed it has raised A$10 million, taking the junior\u2019s working capital position up towards a more than healthy $18-19 million ahead of a maiden gold resource estimate for its Lake Roe project later this year. 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