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BeMaX flags capital raising

BEMAX Resources will need $147 million to develop its flagship Pooncarie mineral sand project in the Murray Basin and will undertake a capital raising before Christmas, targeting production in the last quarter of next year.

Rebecca Keenan
BeMaX flags capital raising

BeMaX said the equity raising will take place early next month after its financial advisors ABN AMRO Australia releases its Bank Debt Information Memorandum and receipt of credit approved Terms Sheets...

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