07
Sep
03:10
Mallee Resources capital raising plan for Avebury fails
Australian miner Mallee Resources has not received sufficient funds to meet the minimum subscription for the capital raising for its Avebury nickel project in western Tasmania, Kallanish reports.
The firm has determined to close the offer effectively immediately.
“The company is currently exploring alternate sources of finance in the short-term including a placement of shares or convertible securities using capacity available under the listing rules,”…
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Very good overview of the weekly steel market.
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