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Creasy's CZR raising cash and cleaning up capital structure

MARK Creasy's CZR Resources is aiming to raise up to A$8.4 million for its iron ore and gold ventures and is targeting a one-for-17 consolidation that will bring its issued capital back into the 200-250 million range.

Michael Quinn
Robe Mesa, WA

Robe Mesa, WA

Creasy, who currently owns 55.3% of the company, will subscribe for a minimum of $2 million in a renounceable entitlement issue pricing new shares at 1.2c each. CZR's key asset, the Robe Mesa iron ore...

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