Northern Iron beefs up war chest

IRON ore hopeful Northern Iron has raised $A17.5 million to go towards its Norwegian magnetite project, where mining is due to start this year.

Northern Iron beefs up war chest Northern Iron beefs up war chest Northern Iron beefs up war chest Northern Iron beefs up war chest Northern Iron beefs up war chest

The company issued 17.5 million shares at $1 each to institutional investors, with the issue price representing a 14.5% discount to the company’s closing price of Tuesday, February 17.

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