PROJECT FINANCE

Nickel Mines strongly backed by funds

NORM Seckold’s Nickel Mines has received strong support from the market in raising A$55 million in fresh equity, with the cash earmarked for initiatives at its limonite nickel mine in Indonesia and general working capital.

Nickel Mines strongly backed by funds

Shares priced at 40c each were issued to an undisclosed range of existing and new shareholders.   The fund raising precedes Chinese company Shanghai Decent subscribing for US$40 million of new equity,...

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