14
Dec
11:14
Poseidon Nickel raises funds for Back Swan project
Australian nickel exploration and development firm Poseidon Nickel is to raise $10 million to fund the development of its Black Swan project in Western Australia, Kallanish reports.
Poseidon will issue 166.67million new shares at 6 cents per share to raise the targeted $10m, with “strong demand shown by existing and new institutional investors and retail investors.” The funds will be used to accelerate exploration activities at the Black Swan project t…
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