MacPhersons raises cash for exploration

September 11, 2017

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Metals developer MacPhersons Resources will raise up to A$4.4-million through a share placement and share purchase plan (SPP) to fund resource drilling at its Boorara gold project, in Western Australia.

The company said on Monday that an initial A$2.93-million would be raised through a share placement to institutional and professional investors. The placement would consist of up to 22.6-million shares, priced at 13c each.

Category: General