Mincor Resources Completes Placement

  • Nov 21, 2019 AEDT
  • Team Kalkine

Mincor Resources NL (ASX: MCR) has announced the completion of capital raising. Proceeds would be utilised to fund pre-production capital expenditure and maintaining momentum with resource growth and exploration programs.

  • Placement of $30 million was completed before costs.
  • Share Purchase Plan targeting to raise $5 million would be offered to eligible shareholders.
  • Independence Group NL (ASX: IGO) and Squadron Resources Pty Ltd have committed to placement.

By 1:18 PM AEST, MCR was trading at $0.605, down by 7% relative to the previous close.

 

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