Peel raises for Cobar advance

BOUYED by promising drill hits at its New South Wales projects, Peel Mining has closed an oversubscribed A$7 million placement to ensure it is fully funded to advance its Wagga Tank-Southern Nights project (100%), pre-development activities at Mallee Bull (Peel 50%, Toho Zinc 50%) and regional exploration with JOGMEC (50%).

Peel raises for Cobar advance Peel raises for Cobar advance Peel raises for Cobar advance Peel raises for Cobar advance Peel raises for Cobar advance
The Cobar Basin player worked with Patersons Securities to complete the placement of 22.5 million shares priced at 31c, a discount to its last closing price of 35c.