22
Apr
03:46
Burley raises fund for Pilbara iron ore drilling
Australian miner Burley Minerals is raising AUD 1.8 million ($1.16m) to fund a maiden Pilbara iron ore drilling programme, Kallanish notes.
The firm says in a statement that the capital raise consists of a combination of a share placement and share purchase plan.
The firm has received firm commitments to raise AUD 1.3 million at AUD 0.05 per share via a private share placement to sophisticated and institutional investors.
Concurrent with the placement, Bur…
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