EXPLORATION & DEVELOPMENT

Geoinformatics finalises Rio deal

BOUTIQUE exploration junior Geoinformatics aims to raise at least $C4 million ($A4.7 million) in equity by the end of the year after finalising an agreement with Rio Tinto subsidiary Kennecott that will see it spending $US20 million ($A26.2 million) on targets in Mexico and North America by March 2008.

Michael Quinn
Geoinformatics finalises Rio deal

Details of both the equity raising and a $20 million convertible note in the offing are yet to be finalised, though the latter is expected to be signed off by the end of the month, according to Geoinformatics...

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