Aureus signs funding deals to accelerate mining in Liberia

Africa-focused Aureus Mining has signed a $10-million liquidity facility with Rand Merchant Bank and Nedbank, as well as an $11.5-million brokered equity financing deal, at a price of 5p a share, with GMP Securities Europe and Numis Securities. The agreement with GMP and Numis would see a private placement of 153-million new Aureus common shares to raise proceeds.