Cash for PMA from London

PRECIOUS Metals Australia (PMA) has reaped almost $14 million from a placement of shares with a London based broker, boosting the company’s cash stocks to more than $45 million as it prepares for a $100 million redevelopment of the Windimurra vanadium mine in Western Australia.

Cash for PMA from London Cash for PMA from London Cash for PMA from London Cash for PMA from London Cash for PMA from London

The placement of 9.68 million shares at $1.44 each is being facilitated by London-based Mirabaud Securities for a fee of 2.75% of the raising.

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