Investors were told existing major investors including Tasmanian...

Investors were told existing major investors including Tasmanian billionaire Dale Elphinstone, Excel Coal co-founder Chris Ellis and European family office DACHS supported the raise. Elphinstone, Ellis and Richard Chadwick had committed to take up $18 million of which $3 million was debt conversion. DACHS would take up $2.9 million.

Canaccord Genuity and Ord Minnett were calling for bids by 3pm on Friday. Group 6 Metals was expected to have a $139.1 million market capitalisation after the raise.