Market Alert : Global Sell-Off Extends: Liquidity Fears and Growth Concerns Dominate

Siren Gold receives commitments to raise AU$2.6 million

On 3rd February 2023, Siren Gold Limited (ASX: SNG) announced that it had received firm commitments from institutional, professional and sophisticated investors to raise AU$2.6 million via placement. As per the announcement, under the placement, Siren has decided to issue 17,333,333 paid ordinary shares at an issue price of AU$0.15 per Share. Funds raised will be used to continue exploration at the high-grade Reefton and Sam’s Creek Goldfields, specifically:

Mineral resource definition, soil sampling and trenching at Big River;

• Reconnaissance drilling, mapping and soil sampling at Sam’s Creek;

• Drilling, mapping and trenching at Lyell and Auld Creek; and