Stavely seeks $22M

STAVELY Minerals is seeking to raise A$22.2 million for further drilling at the Thursday’s Gossan copper discovery in Victoria.

Stavely seeks $22M Stavely seeks $22M Stavely seeks $22M Stavely seeks $22M Stavely seeks $22M

Drilling at Stavely's Cayley Lode in Victoria

The two-tranche institutional placement will be priced at 60c per share, a 10.4% discount to Monday's closing price.

Morgans is lead manager, with Arlington Advisors and Hartleys as co-managers.