ASX-listed explorer Venturex Resources would raise A$3.75-million to advance its Pilbara zinc-copper project, in Western Australia.
The company on Monday announced that it would undertake a two-for-seven non-renounceable rights issue, priced at 5c a share. The company’s major shareholder Northern Star Resources would take up its full entitlement, and will sub-underwrite up to A$2-million of the rights issue.
