Ardea raises cash for WA cobalt exploration

September 15, 2017

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Junior metals explorer Ardea Resources has raised A$5.5-million in a share placement to sophisticated and professional investors, to accelerate drill programmes at its KNP cobalt project, in Western Australia.

Some 7.6-million new fully paid ordinary shares would be issued under the company’s existing capacity, with the shares placed at a price of 72.5c each.

Category: General