Rex to raise $12.6M for Hillside

REX Minerals says it has received commitments to raise about $A12.6 million through a new placement at 40c a share, with the funds used to help advance its Hillside copper-gold development.

Rex to raise $12.6M for Hillside Rex to raise $12.6M for Hillside Rex to raise $12.6M for Hillside Rex to raise $12.6M for Hillside Rex to raise $12.6M for Hillside

The placement is being undertaken in two tranches, with the first comprising 28 million shares, raising $11.2 million, issued on March 11.

The second will consist of about 3.