"The net proceeds of the Placing will be used to maintain Kalahari's stake in Extract Resources Ltd (ASX and TSX: EXT) ('Extract'), in which it holds 39.05%, to develop the Company's current copper and base metal projects and for general working capital requirements"
I cant understand this, is this a typo, to me it reads they are raising money to develop their copper so as to get their cash flow happening
kalahari raises cash & lays it on the line, page-2
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Mkt cap ! $13.27M | |||
| Open | High | Low | Value | Volume |
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