Raising $23mil at 12.5c with 1 for 2 free option with 18c strike, may take oversubs for another $9mil
edit
use of funds outlined as follows
A$8m - A demonstration/pilot plant at the Big Sandy project
A$7m – Potential, associated freehold land purchases
A$5m - Exploration programs
A$2m - A Big Sandy scoping study and further metallurgical test work
A$1.2m – Working Capital
Ann: Trading Halt, page-23
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