NEW: Volta Mining (VTM in Sydney) in Burkina (not to be confused with Volta Resources -- VTR.TO -- trading in Toronto, exploring in Ghana and Burkina)
Volta Mining eyes gold exploration in Burkina Faso, admitted to ASX
Tuesday, October 18, 2011 by Angela Kean
Volta Mining eyes gold exploration in Burkina Faso, admitted to ASX
Volta Mining (ASX: VTM), a gold exploration company, has been admitted to the ASX after a successful IPO which offered 15 million shares at A$0.20 each, to raise up to $3 million.
The company will begin trading at 12.30pm AEDT on Wednesday 19 October 2011, with just over 16 million shares on issue.
Volta Mining’s focus is the buoyant and evolving gold sector in West Africa, specifically the development of the Dangue Tenement in Burkino Faso.
The company has entered into an agreement to acquire a 100% interest in the tenement, which is considered to be prospective for one or more significant gold deposits.
Volta Mining will also be eyeing interests in additional ground positions complementary to those already held, as well as pursuing new projects, possibly other minerals besides gold, through investment or joint ventures in the resources sector, both in Australia and overseas.
