CAPITAL MARKETS

Xanadu gets funding for 'make or break' Kharmagtai exploration

XANADU Mines has dealt with its "wicked problem" by raising A$12 million in a placement to fund exploration of its Kharmagtai copper-gold prospect in Mongolia.

Xanadu gets funding for 'make or break' Kharmagtai exploration

  The funding will come from issuing new shares priced at 4.5c each, with existing shareholders Asia Capital and Advisers and SSI Asset Management maintaining their existing stakes in the company by...

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