Canyon Resources To Raise AUD315,000 For Bauxite Exploration


News: ASX-listed Canyon Resources will raise up to AUD315,000 (USD294,818) through a placement of shares to support exploration at its Birsok bauxite project in Cameroon. The firm will issue 7mn new shares at AUD0.045 (USD0.042) each, with free attaching options having an exercise price of AUD0.06 (USD0.056) each and expiry date of January 31 2017. The firm has recently initiated first phase drilling at its 75% owned Birsok project, targeting high grade DSO bauxite mineralisation.

This article is tagged to:
Sector: Mining
Geography: Cameroon, Australia

Related products in our Store...

Check out our most popular reports below or view more in our store