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.