Crusader raises funds for Brazilian projects

CRUSADER Holdings is looking to boost its coffers by $7.125 million, with the funds to be used to progress the company’s Brazilian exploration projects including the Posse iron ore and Manga tin indium projects.

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The company has agreed to place 9.5 million shares at 75c with Australian investors and a US-based fund.

The placement will be structured in two tranches.

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