Corazon's cobalt gets Chinese backing

COBALT and nickel explorer Corazon Mining has attracted Chinese backing for its ventures, with the recent seller of the Southern Cross gold assets, Hanking, investing $1.68 million as part of a $1.8 million raising.

Corazon's cobalt gets Chinese backing Corazon's cobalt gets Chinese backing Corazon's cobalt gets Chinese backing Corazon's cobalt gets Chinese backing Corazon's cobalt gets Chinese backing

The raising was priced at 1.4 cents per share, a premium to the stock’s last closing price but well down on the “heavily oversubscribed” $3 million raising six months ago when ...