Story in the financial review this morning. Official announcement to appear shortly I guess.
Basically just says that the funds are required to keep to the stated timeline and have project financing done this year.
The first tranche of the capital raising will be $13M (presumably 15% new shares) with option for oversubscription to take total to $15-20M.
It does mention institutions in the article. No mention of a SPP but I get the feeling that will probably also be part of it.
A little disappointing. It'd be good if Parry could explain the exact uses for the funds and why they are needed before the mining lease approval.
My guess would be 40 cents.
Story in the financial review this morning. Official...
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