Strong demand for Cobar raising

NEW silver producer Cobar Consolidated Resources has strengthened its balance sheet with a $A12.5 million placement.

Strong demand for Cobar raising Strong demand for Cobar raising Strong demand for Cobar raising Strong demand for Cobar raising Strong demand for Cobar raising

The company said it increased the initial $7.5 million private placement by 60% to $12.5 million due to high demand from Australian, Asian and European institutions and sophisticated investors.

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