Apex in $35 million placement

APEX Minerals is set to boost its coffers by $A35 million, with the funds used to pay for the $16.5 million cash component of the Wiluna acquisition, and to fund underground and surface exploration progressing to a feasibility study and project development in 2008.

Apex in $35 million placement Apex in $35 million placement Apex in $35 million placement Apex in $35 million placement Apex in $35 million placement

Despite the news, the company’s share price has taken a hammering on the Australian bourse, falling 16.5c (14%) to $1.015 in morning trade.

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