Arafura chasing $35 million

RARE earth company Arafura Resources is chasing $35.3 million to progress work on its Nolan project, announcing a $17.5 million placement and associated rights issue this morning.

Arafura chasing $35 million Arafura chasing $35 million Arafura chasing $35 million Arafura chasing $35 million Arafura chasing $35 million

The company says it has placed 28.2 million shares at 62c to institutional and sophisticated investors through BBY Securities to raise $17.

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