St George raises cash for exploration

March 14, 2016

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ASX-listed junior St George Mining has raised more than A$2.1-million to fund exploration work in Western Australia.

The company said on Monday that it would issue 25-million shares, at 8.5c each, to raise the capital, with shares placed with institutional and strategic investors. The shares were also placed within the company’s 15% capacity, and as such would not require shareholder approval.

Category: General