Alkane to raise $12.8m for feasibility studies
Perth-based Alkane Exploration Ltd aims to raise $12.8 million through the underwritten issue of 40.1 million shares to existing shareholders on the basis of one new share for every five shares held.
Proceeds of the offer will be used to fund advancement of definitive feasibility studies on the company's Tomingley Gold project and Dubbo Zirconia project.
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