Strandline hooks new investor as part of latest fund raising

STRANDLINE Resources has attracted A$2 million from an undisclosed new institutional investor keen on its mineral sands prospects and is set to raise another $4.5 million via a fully underwritten rights issue.

Strandline hooks new investor as part of latest fund raising Strandline hooks new investor as part of latest fund raising Strandline hooks new investor as part of latest fund raising Strandline hooks new investor as part of latest fund raising Strandline hooks new investor as part of latest fund raising

Coburn, WA

The new shares are to be priced at 12c each, with Strandline's stock little changed over the past two years.

Strandline last issued more equity last May when $5.

topics

loader
  • Top News: Vale Terry Grammer. Read more.
  • Top News: SolGold's relationship with BHP, Newcrest not 'soured'. Read more.
  • Top News: Nickel Mines becomes 'new force in global nickel'. Read more.