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General Mining raises cash for Mt Cattlin

ASX-listed General Mining Corporation has raised some A$7.3-million through a share placement, providing the company with sufficient cash to complete its initial equity and profit earn in at the Mt Cattlin spodumene and tantalum project, in Western Australia.

General Mining would place more than 40.5-million shares, at a price of 18c each, to a number of domestic and international institutional and professional investors, under the company’s current placement capacity.