E79 Gold Mines Limited: Results of Share Purchase Plan and SPP Shortfall Placement

E79 Gold Mines Limited (ASX: E79) announces that the Share Purchase Plan has raised AU$569,000. In addition, AU$160,000 was raised through the SPP Shortfall Placement, which was offered to professional investors at the same price as the SPP.

Eligible shareholders could purchase new shares up to a maximum value of AU$30,000 per eligible shareholder at an issue price of 3.5 cents per share. The funds raised will be used for exploration activities at the promising Mountain Home Copper-Gold Project in the Northern Territory, exploration programs on the high-potential Jungar Flats Project in Murchison, and the South Laverton Project, and for working capital purposes.

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