16
Mar
18:50
Adavale secures funding for Tanzania nickel project
Australian miner Adavale Resources has secured funding of up to $2 million through the issue of unsecured convertible notes to progress the drilling testing priority nickel sulphide at its 100% owned Kabanga Jirani Nickel Project (Kabanga) in Tanzania, Kallanish notes.
"The convertible notes will be issued to new and existing groups of investors in two tranches. Tranche-1 comprising $990,000 will be issued under the company’s av…
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