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Global Nickel launches $3m IPO for Joint Ventures

Subiaco-based Global Nickel Investments Ltd has announced plans to raise $3 million in its initial public offer to fund exploration of prospective gold and nickel projects in a joint venture with Cazaly Resources Ltd. The company, which will offer 15 million shares at 20 cents each to raise the money, will acquire a 70 per cent stake in each of four nickel-gold projects owned by Cazaly, and will serve as operator of a subsequent joint venture.

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