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Western Areas raises funds

WESTERN Areas has announced a $225 million convertible bonds issue today, launched at $8.16 a share, a 45% premium to the company’s share price prior to the issue, with the funds raised to go to the company’s nickel projects in Canada and Australia.

Kate Haycock
Western Areas raises funds

The proceeds will be used to fund the pre-feasibility study at Diggers South, a scoping study at New Morning/Daybreak as well as ongoing exploration at Forrestania and the potential construction of a 250,000...

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