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Drake Resources Ltd Announces Shortfall Placement


Tuesday, 10 Sep 2013 07:24pm EDT 

Drake Resources Ltd announced that it has concluded the shortfall placement associated with its recent rights issue which closed July 17, 2013. The shortfall placed brings total funds raised to approximately $1.56 million (before costs) from the rights issue and shortfall combined. Since announcing its updated strategic plan and approaching potential news flow, Drake has experienced considerable interest in its stock. This culminated in placing 100% of the residual shortfall. The bulk of funds raised will be directed to advancing all four of Drake‚Äôs priority projects across nickel, copper and gold in the short term. 

Company Quote

0.032
-0.0080 -20.00%
22 Jul 2014