Source - SMW
Savannah Resources has raised about £1.42m gross via the placing of 28.2m new shares and subscription for 12.5m new shares at a placing price of 3.5p each.  

HIGHLIGHTS:

- Funds to be used predominately to support the development of Savannah's copper projects in Oman, with mining targeted to commence in late 2017, and for working capital purposes at its newly acquired lithium projects in Finland

- Letters of intent received for additional £0.83m cash from Directors and their related parties (Al Marjan Ltd) for when the Company has exited its current "close period".  





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Savannah Resources (SAV)

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