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Kagara raises $25m for Qld acquisition

Base metals producer Kagara has completed a $25 million share placement at 31 cents per share, to complete the acquisition of its Einasleigh copper project in Queensland and fund exploration activity.

The acquisition is expected to provide additional high margin copper revenue to Kagara’s growth and development plans.  

The capital raising issued 80.6 million fully paid ordinary shares to institutional and sophisticated investors in Australia and internationally. 

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