Bass raises A$5m for Graphmada buy

September 20, 2017

Responsive image

Graphite developer Bass Metals will raise up to A$5-million through an institutional placement and entitlement offer to fund the final payment for the acquisition of the Graphmada mine, in Madagascar.

The company on Tuesday announced that it would issue up to 227.3-million fully paid ordinary shares to institutional and sophisticated investors, priced at 1.1c a share, to raise an initial A$2.5-million.

Category: General