Ivernia raises more lead money

CANADIAN outfit Ivernia plans to raise C$7 million to refinance part of the C$26.6 million development of its Magellan lead project near Wiluna, Western Australia, ahead of first production early next year.

Ivernia raises more lead money Ivernia raises more lead money Ivernia raises more lead money Ivernia raises more lead money Ivernia raises more lead money

Ivernia has outlined an underwritten private placement of 5.6 million units – consisting of one common share and half a warrant exercisable at C$1.40 within five years – at a purchase price of C$1.25.

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