Capital Watch: Metalicity, Centaurus and more

METALICITY has raised A$2.61 million via the issue of 58.25 million shares at A4.5c, a 6.6% discount, to Australian and international investors.

Capital Watch: Metalicity, Centaurus and more Capital Watch: Metalicity, Centaurus and more Capital Watch: Metalicity, Centaurus and more Capital Watch: Metalicity, Centaurus and more Capital Watch: Metalicity, Centaurus and more

The placement, to clients of Echelon Wealth Partners and Paradigm Capital, comes with a 1-for-2 attaching option exercisable at 8c within five-years.

The funds will be used to progress pre-feasibility studies at the Admiral Bay Zinc project, undertake resource and exploration drilling at the Napier Range zinc project, and assess the potential for a dual listing on the TSX Venture Exchange.

Centaurus Metals has closed a “heavily oversubscribed” share placement raising $2.65 million to fund ongoing exploration activities on the copper, gold, nickel and cobalt tenements in Brazil’s Carajas mineral province, including the new Itapitanga project

Itapiotanga sits along strike to the south of Anglo American’s world‐class Jacaré nickel-cobalt project where there is a...