PROJECT FINANCE

Battery claims funding demand

BATTERY Minerals’ strategy of presenting at more than half a dozen investor conferences in six weeks this year as part of its marketing to get the word out about its Montepuez graphite project appears to have paid off, with the company closing a $5 million placement said to be more than 50% over-subscribed.

David-flanagan.jpg

David-flanagan.jpg

The David Flanagan-headed company, which has struggled with project finance in recent months, said there was strong demand from existing shareholders and institutional investors to back the 2.5c per share...

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