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Site work at Mod Resources's T3 copper project in Botswana.

Mod raises more funds for copper project

Copper explorer MOD Resources launched its second capital raising in three months, tapping investors for $14.6 million to fund ongoing work at its T3 project in Botswana.

Perth-based Mod said it had raised the funds through the placement of 235.4 million shares at 6.2 cents each, representing a 2.2 per cent discount to the company’s 15-day volume-weighted average price.

The funds will be used to continue exploration work at T3, where the company is progressing a pre-feasibility study for an open-pit mine.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Share Transactions

04/03/17
$0 Other
21/02/17
$0 Bought
21/02/17
$92k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

269th↑MOD Resources$19k
295th↓MacPhersons Resources$42k
296th↑Hammer Metals$40k
299th↑Marindi Metals$38k
300th-Quest Minerals$38k
494 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from MOD Resources

904thJulian Hanna$160k
1107thMark Clements$108k
1471stSteve McGhee$53k
Ranked by total remuneration from all listed WA companies

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