Alkane raises $10.4M for Dubbo rare earths

ALKANE Resources has raised $A10.4 million through a new placement to institutional and sophisticated investors.

Alkane raises $10.4M for Dubbo rare earths Alkane raises $10.4M for Dubbo rare earths Alkane raises $10.4M for Dubbo rare earths Alkane raises $10.4M for Dubbo rare earths Alkane raises $10.4M for Dubbo rare earths

The new deal placed 40 million shares at 26c each, representing a 6% discount to the five-day average.

Alkane said the placement received strong interest from Australian and international investors.

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