PROJECT FINANCE

Horizon gets cash boost for Gum Creek revival 

AFTER many years of setting the table, Horizon Gold believes it is time to start planning for re-development of its Gum Creek gold project in Western Australia, and its board and major shareholder are prepared to dig deep to make it happen.

 Gum Creek was last mined in 2005

Gum Creek was last mined in 2005

The company has opened a A$7.5 million renounceable entitlement offer with shares priced at 30c, a 12% discount.   Zeta Resources, which owns 72.3%, and the board will subscribe for their full entitlements...

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