Clancy overflows, closes IPO after raising $5m

West Perth-based copper gold explorer Clancy Exploration Ltd has closed its $5 million its initial public offer after receiving more orders than it could fill. It sold 25 million shares at 20 cents each. The company, which has been spun out of Toronto Stock Exchange-listed Geoinformatics Exploration Inc, will used the funds to explorer for copper and gold deposits in the Lachlan Fold Belt in New South Wales.

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