EXPLORATION & DEVELOPMENT

Elkedra set for ASX debut after raising $3.5 million

NORTHERN Territory diamond explorer Elkedra Diamonds said today it has closed its $3.5 million initial public offering prospectus raising oversubscribed and will list on the Australian Stock Exchange Tuesday.

Greg Tubby

Elkedra, formed in April 2000, was originally seed funded and sponsored by Perth-based gold exploration and development group Metex Resources, which will hold 7.145 million shares and 3.5 million options...

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