Redbank raises cash for McArthur River

REDBANK Copper is set to raise more than A$7 million for its namesake project in Northern Territory’s McArthur Basin.

 Redbank raises cash for McArthur River  Redbank raises cash for McArthur River  Redbank raises cash for McArthur River  Redbank raises cash for McArthur River  Redbank raises cash for McArthur River

Redbank's McArthur Basin, NT

New shares priced at 7.25c are to be issued to "existing major shareholders and new sophisticated investors", with the funding to take Redbank's treasury to in excess of $9 million.

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