Mineral Securities to raise $6.5m

Perth-based Mineral Securities Ltd has received firm expressions of interest for a $6.5 million capital raising.

The funds will be used for debt reduction, potential investment opportunities in the ordinary course (including, but not limited to Platmin Ltd), and working capital purposes.

The excluded placement is to large institutional investors in Australia, United Kingdom and North America.

It is anticipated that the placement will be completed in early January 2006.