OZ backs Carnaby raising

CARNABY Resources has raised A$20 million, including an investment from copper producer OZ Minerals.

OZ backs Carnaby raising OZ backs Carnaby raising OZ backs Carnaby raising OZ backs Carnaby raising OZ backs Carnaby raising

Carnaby's ground in Queensland

The company received firm commitments for a placement of 15.4 million shares at $1.30 per share.

The issue price represents an 18% discount to Carnaby's last closing price of $1.585.