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Canyon raises $5M for Cameroon expansion

INVESTORS have piled into African bauxite hopeful Canyon Resources, pumping in A$5 million via a heavily oversubscribed placement for the further development of the Minim Martap project.

Haydn Black
Minim Martap.

Minim Martap.

The Cameroon-focused company has placed 32.2 million shares to institutional and sophisticated investors under its 15% placement capacity at 15.5c per share, which is a substantial discount to its most...

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