Nativo Resources Secures Funding for Gold Mine Expansion

Echo Energy (GB:NTVO) has released an update.

Nativo Resources Plc, a company with mining interests in Peru, has announced a successful conditional placement of £412,000 through the issuance of 16.48 billion new ordinary shares to fund their Peruvian gold mining projects, including the expansion of the Tesoro Gold Mine and development of a new gold processing plant. Additionally, the company has offered a Broker Option that could raise an additional £100,000, prioritizing existing shareholders. They also plan to issue new ordinary shares to certain creditors as part of their ongoing financial strategy.

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