Business
Resources explorers front funds for raisings – The Australian Financial Review
Two small cap resources explorers were hunting for cash injections of Monday morning – uranium play Lotus Resources and gold and iron ore hunter Legacy Iron.
Meanwhile, Legacy was searching for up to $15 million via a placement of new shares, which were being offered to funds at 2¢ each, a 25 per cent discount to its last close.
Funds were told that money raised would go towards ongoing exploration at its Mt Celia gold project, among other things.
The Mt Celia project is one of a bunch of tenements Legacy is developing in Western Australias Laverton region.
EverBlu Capital was lead manager on the deal and was calling for bids into the placement by 4pm…
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