Myanmar launches big raising

MYANMAR Metals has launched a A$30 million equity raising in order to advance its 51%-owned Bawdwin project to a decision to mine by the second quarter of next year.

Myanmar launches big raising Myanmar launches big raising Myanmar launches big raising Myanmar launches big raising Myanmar launches big raising

Drilling at Bawdwin

The raising, which will be conducted in two parts, has an issue price of 6.5c per share, a 7.1% discount to yesterday's close.

A single-tranche placement will raise up to $20.