Perth-based uranium explorer Mantra Resources Ltd is set to raise $24 million, after agreeing to place 12 million shares at $2.4 million, after agreeing to place 12 million shares at $2.00 each to Highland Park and its nominees.
Perth-based metals explorers Mavuzi Resources Ltd and Mantra Resources Ltd have announced plans to merge, combining their respective South African copper-gold and uranium interests in a deal that values the merged company at $74 million.
