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Centaurus finds funds for Brazilian exploration

4th April 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Brazil-focused Centaurus Metals will raise A$2.25-million to advance ongoing exploration at its Itapitanga nickel/cobalt project and Salobo West copper/gold project.

Centaurus has entered into an option underwriting agreement with Peloton Capital to fully underwrite its upcoming exercise of Centaurus’ listed option series.

The company has more than 224.5-million listed options on issue, exercisable at 1c each before the end of April. Under the agreement, Peleton will receive a fee of 6% of the underwritten amount.

The A$2.25-million to be raised from the exercise of the options, plus existing cash reserves at the end of March, will result in Centaurus holding a cash position of some A$4.8-million.

Edited by Creamer Media Reporter

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