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Red Emperor Resources NL (RMP.AX)

RMP.AX on Australia Stock Exchange

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Red Emperor Resources NL announces placement to raise $5.76M
Thursday, 25 Jun 2015 04:15am EDT 

Red Emperor Resources NL:Announces an oversubscribed placing, through its London Broker, Brandon Hill Capital, and its Australian Broker, 708 Capital, of 72,000,000 new ordinary shares at 4 pence (A$0.08) per share to raise 2.88 million pound (A$5.76m) before expenses.Says proceeds from the raise and existing cash resources will principally be used to fund the upcoming drilling and potential appraisal activities in the Philippines, where the company has a 15 pct interest in Block SC55 in the southwest Palawan Basin.  Full Article

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