ASX-listed Axiom Mining will raise up to A$6.9-million to fund the further development of the Isabel nickel project, on the Solomon Islands.
The raising will include a one-for-ten rights issue, priced at 16c a share, to raise an initial A$5.6-million. The rights issue will contain an attaching option on a seven-for-four basis, meaning that for every 100 shares issued, some 175 options would be received.
