Vimy raises A$6m

July 31, 2017

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Uranium developer Vimy Resources has raised A$6-million through a share placement to sophisticated and institutional investors to complete definitive feasibility study (DFS) work at its Mulga Rock project, in Western Australia.

The company will issue 43-million shares, priced at 14c each, to new shareholders, representing some 13.5% of the shares currently on issue.

Category: General