Flinders seeking big cash injection

FLINDERS Mines has announced a A$14.5 million capital raising, more than half of which is needed to pay down debts with major shareholder Todd Corporation, and fees associated with the recently approved deal with Todd’s Balla Balla Infrastructure Group.

Flinders seeking big cash injection Flinders seeking big cash injection Flinders seeking big cash injection Flinders seeking big cash injection Flinders seeking big cash injection

Flinders needs cash for its Pilbara development.

The explorer had just $606,913 cash last week, and is banking on a good response from the one-for-six non-renounceable entitlement offer prices at 2.

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