28
Jul
07:46
Adavale raises $2.1m to accelerate nickel exploration
Australian miner Adavale Resources plans to raise AUD 3 million ($2.1 m) to accelerate near-term nickel exploration and drilling, Kallanish notes.
The company has received binding commitments to raise about AUD 1.8m through a placement. The placement will comprise the issue of 90.05m new fully paid ordinary shares.
In addition to the placement, the firm is launching one for six entitlement offer to raise up to AUD 1.2m at AUD 2 cents/share.
The proceeds raised …
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