JOHANNESBURG (miningweekly.com) – Junior copper developer Metallum on Monday announced a A$560 000 capital raising to fund its activities in Chile.
The company reported that it had received firm commitments to subscribe for 56-million ordinary shares at A$0.01 a share.
“This injection of capital has introduced a number of new investors and support onto our register and will assist in accelerating our mining activities at El Roble, as well as funding an option payment so as to avoid burdening our new mining operation with any additional nonoperating expenses,” commented MD Zeff Reeves.