ASX-listed Many Peaks Minerals has completed a A$5.2-million equity raise within a 24-hour period from a small number of high-net-worth and institutional investors to accelerate exploration over an extensive area of gold-anomalous geochemistry with early but “very encouraging” drilling results at the Odienne and Ferke gold projects, in northwest Côte d’Ivoire. The company said on June 5 that it had received firm commitments for a two-tranche placement of about 23.6-million new fully paid ordinary shares at a price of A$0.22 a share. The placement price was set at the company’s last closing price of A$0.22 a share and represented a 1% discount to the company’s 15-day volume-weighted average price through the close of trading on June 3.