Meeka Metals Limited: Raises AU$1.8million in Private Funding

Meeka Metals Limited (ASX: MEK) has accepted an unsolicited proposal from Collins Street Asset Management for a private placement, securing AU$1.8 million to advance its strategic goals. The placement, within flagship value fund CSVF and specialist long-only gold fund CSSSF2, was offered at a premium to the 5 and 30-day share price VWAP, echoing terms from the October 2023 placement at AU$0.04 per share.

This significant support demonstrates confidence in Meeka's strategy to propel its 100% owned 1.2Moz Murchison Gold Project towards development readiness by early FY2024. The funding will be allocated towards drilling, securing project development approvals, and bolstering working capital. This infusion of capital underlines the investors' belief in Meeka's vision and its proactive steps to realize the project's potential.

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