CAPITAL MARKETS

SMC raising capital

SMC Gold is looking to raise close to $2.5 million through a share placement to fund exploration at its Cinabrio copper mine and the acquisition of equipment to expand its Punitaqui copper-gold floatation plant in Chile.

Ben Sharples
SMC raising capital

The copper-gold miner will place over 31 million shares at 8c each with undisclosed investors to raise the funds. SMC said it would use the equity to fund infill and extensional drilling at its Cinabrio...

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