Jabiru plans $11.5m raising for Bentley

Jabiru Metals plans to raise up to $11.5 million to fast-track exploration and development of the newly discovered Bentley project.

The company today said it has already received support for the equity raising, which will see the issue of up to 46 million shares at a price of 25 cents each.

Shares in Jabiru were up two cents to 31.5c at 15:30 AEST. '

The raising was managed by Hartleys while Patersons Securities and Argonaut participated.

The Bentley project is located near the company's existing Jaguar mining operations located north of Kalgoorlie.