Breaker Raise $8M For W.A. Gold Project

Breaker Resources has initiated an $8 million raise in a bid to progress work at its Lake Roe project in Western Australia.

Fund manager Electrum is funding the raise, and in doing so will become the company's largest shareholder. Electrum is purchasing shares for 35 cents each.

The company's fully-owned Lake Roe gold project sits between two large gold deposits, containing 3.5 million ounces and 900,000 ounces respectively.