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Northern Minerals to raise A$22m

7th June 2019

By: Creamer Media Reporter

     

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Northern Minerals, which operates the Browns Range heavy rare earth pilot plant in Western Australia, has unveiled plans to raise A$22-million.

The company will raise A$15-million by way of a placement and is undertaking an one for thirteen accelerated nonrenounceable entitlement offer at A$0.045 a share to raise A$6.95-million.

The entitlement offer will involve the issue of about 154 451 564 new shares in the company.

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Edited by Creamer Media Reporter

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