Base and precious metals explorer PNX Metals has received strong support from new investors and existing major shareholders in its latest share placement, raising $1.5-million to fund the completion of its prefeasibility study (PFS) for its flagship Hayes Creek project, in the Northern Territory.
Shares were placed at 1.9c to raise the capital, the ASX-listed company reported on Monday. PNX added that it would raise a further $250 000 from a placement at the same price to an exiting substantial investors, subject to shareholder approval later in the year.
