Compass raises another $10M

COMPASS Resources has announced the proposed issue of a note to joint venture partner Hunan Nonferrous Metals Corporation for the amount of $US10 million ($A14.8 million).

Compass raises another $10M Compass raises another $10M Compass raises another $10M Compass raises another $10M Compass raises another $10M

The note will be converted to a convertible note and then converted into Compass shares at a market-based price to be agreed on.