Shares in Burswood-based gold and nickel explorer Tectonic Resources NL have risen 16 per cent after raising around $3 million through scrip issues to Melbourne-based Lion Selection Ltd and West Perth-based Jabiru Metals Ltd.
Subiaco-based Tectonic Resources NL has announced a placement of up to 7.6 million shares at 13 cents each to raise $1 million to fund construction at the company's Phillips River gold project, located in the Great Southern region of WA.
