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Minerals Corp to raise $20 million to fund Skardon River

MINERALS Corporation is planning a $20 million capital raising to fund further development of its Skardon River kaolin project in north Queensland, which is expected to commence production in the fourth quarter of calendar 2001.

Greg Tubby

In a joint raising, the company has mandated APG Financial Services Ltd to raise $10 million by prospectus issue, and Meridian International Capital Ltd to arrange $10 million by way of plant leasing facilities....

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