PROJECT FINANCE

Silver Mines raises for Bowdens pre-development work

SILVER Mines, the owner of the “largest undeveloped silver deposit in Australia”, has raised A$18 million for pre-development work and exploration of its holdings in New South Wales.

 Silver Mines is accelerating drilling in NSW

Silver Mines is accelerating drilling in NSW

The placement was priced at 16c, an almost 20% discount to recent trading, and was managed by Canaccord Genuity.   Managing director Anthony McClure said demand was "well in excess of funds raised"...

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