PERTH (miningweekly.com) – Base metals explorer Todd River Resources has completed a A$4.9-million capital raise to fund exploration work at its Mt Hardy zinc/copper project, in the Northern Territory.
The ASX-listed company said on Friday that some 57.05-million shares would now be issued, of which fellow-listed S2 Resources would receive more than 21.34-million shares.
S2 Resources now holds a 19.99% interest in Todd.