Cash boost for Gippsland, Union

TWO Australian companies – Gippsland and Union Resources – have raised a combined total of almost $A4 million through share placements to support their ambitions of getting their respective overseas projects off the ground.

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AIM and ASX-listed Gippsland has pocketed 1.2 million (about $A2.84 million) by placing 24 million shares priced at UK5p with UK institutional investors.

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