Tanzania-focused Cradle raises A$2.16m

June 9, 2016

Responsive image

Australian junior Cradle Resources reported on Friday that it had secured commitments for a A$2.16-million capital raising, which would carry its working capital requirements until project financing came through.
The company, which was developing the Panda Hill niobium project, in Tanzania, said that it would raise the funds by placing eight-million shares at 27c each with sophisticated investors.

Category: General