CAPITAL MARKETS

Southern Cross to raise funds for uranium play

TORONTO-listed Southern Cross Resources is to raise up to C$3 million (A$3.5 million) via a private placement to continue drilling of its 2499sq.km of ground in South Australia where it is developing a uranium in-situ leaching project.

Michael Quinn
Southern Cross to raise funds for uranium play

The company flew an electromagnetic survey of its ground earlier this year, which it said indicated the existence of additional palaeochannels prospective for the uranium deposits amenable to in-situ leaching....

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