Big demand for Stavely raising

STAVELY Minerals is raising up to A$28 million to continue work at its Thursday’s Gossan project in western Victoria.

Big demand for Stavely raising Big demand for Stavely raising Big demand for Stavely raising Big demand for Stavely raising Big demand for Stavely raising

Drill core from the Cayley Lode

The company will place 41.67 million shares to sophisticated and institutional investors to raise $25 million.

The issue price is 60c per share, a 10.4% discount to Monday's closing price.