Why crowdfunding is the future of raising venture capital for mining
Mature investors will find the idea of crowdfunding a mining project completely bizarre.Crowdfunding is associated with young people raising donations or loans from strangers over the Internet for worthy causes (like university fees and student productions) or to commercialise new (often wacky) inventions.Traditionally, older people with savings looking for a bit of diversification or extra return might put some money into a mining venture on the advice of their personal brokers.The two goals seem very far apart.Chad Williams, president and CEO of Red Cloud Klondike Strike Inc, in a live feed from Toronto to the Junior Mining Indaba in Auckland Park last week, said crowdfunding for mining projects was lagging crowdfunding for other purposes, such as property funding. He said this was the future of raising venture capital for mining.In SA, even during the mining boom, it was difficult for mining explorers and developers to raise financing from shareholders and banks, but Canadian and...
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