Lafayette aims to raise up to $US15m through notes issue

MELBOURNE-based Lafayette Mining is seeking to raise between $US10 million and $15 million through a convertible notes issue, with the funds used to ensure the company’s Rapu Rapu polymetallic project becomes “self-sustaining” as well as fund the completion of an exploration program.

In a release to the market yesterday, the company said the issue would be made through a facility arranged by South East Asian Strategic Assets Fund and its advisor CIMB Standard Strategic Asset

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