13
Jan
02:48
Mincor Resources completes share purchase plan
Australian miner Mincor Resources says its share purchase plan (SPP), which closed early on 3 January with valid applications for a total of 6.3 million new shares, is complete.
The SPP raised a total of AUD 8.75 million ($6.09m), exceeding the targeted AUD 5m, Kallanish notes.
In light of the positive response to the SPP and in order to avoid the need to undertake a considerable discretionary scale back, the directors of the company agreed to close the SPP ahea…
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