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Climax raises equity

CLIMAX Mining is looking to raise up to $A18.7 million via a share placement to allow it to complete pre-development work and move into the construction phase of its $US80 million Dinkidi copper-gold project in the Philippines.

Michael Vaughan
Climax raises equity

Climax plans to place 37.3 million shares at 23c each, with a one-for-two attaching option exercisable at 32c in April next year. The company will also seek shareholder approval in mid-March for the issue...

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