02/09/2008 - 10:37

Azure falls short of $3m raising target

02/09/2008 - 10:37

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West Perth-based Azure Minerals Ltd has fallen short of its targeted $3 million capital raising with shareholders subscribing up to $1.3 million worth of shares through a share purchase plan.

West Perth-based Azure Minerals Ltd has fallen short of its targeted $3 million capital raising with shareholders subscribing up to $1.3 million worth of shares through a share purchase plan.

Today Mexico-focused company allotted nearly 10.8 millions shares from the plan, where shares had an issue price of 12.5 cents each.

The company said funds raised will be used to develop the Promontorio copper-gold-silver project in Mexico.

Shares in Azure were up 1c to 16.5 cents at 12:55 AEST.

 

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