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Energia Minerals Ltd Raises $0.5 Million To Upgrade And Progress Carley Bore Uranium Project

Tuesday, 27 Aug 2013 07:28pm EDT 

Energia Minerals Ltd announced that it has received firm commitments to raise $500,000 through a share placement to underpin a key resource definition drilling program at its flagship Carley Bore In Situ Recovery (ISR) Uranium Project in Western Australia. The placement, comprising 25 million fully-paid ordinary shares issued at a price of $0.02 per share, is being undertaken to professional and sophisticated investors (Placement), and is being managed by Sydney-based Blue Ocean Equities Pty Ltd. The proceeds of the raising will be used to progress Carley Bore, with the funds specifically allocated to a resource upgrade drilling program, which in turn will support a revised Scoping Study to be completed later this year. 

Company Quote

0.0020 +6.90%
29 Jan 2015