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FARABA - NIAOULENI WEST

Au
1,352.47
USD/oz
-0.03
red
http://www.infomine.com/investment/metal-prices/gold/
Data as of Jun 19, 2013 09:40PM UTC


Key Facts
Status: Advanced Exploration
Type of Work: Surface
Location: Mali
                 110 km SW of BAMAKO

Commodities: Gold
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Latest Information
February 22, 2013
Golden Rim Resources Ltd. announced the disposition of SEPOLA and FARABA, Mali.
March 1, 2012
Golden Rim Resources Ltd. commenced its drilling program at FARADA, located in Mali.
November 23, 2009
Golden Rim Resources Ltd today announced details of its proposed three part capital raising. The company will raise up to A$4,387,500 to institutional and sophisticated investors by placing 33,750,000 shares at the issue price of 13 cents. The company will raising an approximate further A$2,800,000 by offering to existing shareholders of Golden Rim (as at 18 November 2009) approximately 21,538,461 shares at 13 cents each. The company is also proposing to make a further placement to its cornerstone investor, Royal Group, of Abu Dhabi. Royal Group wishes to maintain their 14% to 15% strategic investment in Golden Rim. This placement will also be made at 13 cents for each share. The primary purpose of the fundraising is to conduct a follow up drilling program on new targets generated at the Sepola Project in Mali, following completion of the aeromagnetic survey. The funds will also be used for the first phase of drilling at the Farada Project in Southern Mali, once targets have been generated after completion of the aeromagnetic survey currently underway at Farada.
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