10/07/2014 - 12:28

Newera raises $1m

10/07/2014 - 12:28

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Minerals explorer Newera Resources has announced an entitlements issue to raise just over a $1 million.

Newera raises $1m
Visible Carnotite on sandy limestone from Newera’s Ben Hur prospect at Jailor Bore.

Minerals explorer Newera Resources has announced an entitlements issue to raise just over a $1 million.

The Perth-based company plans to issue half a billion new shares on a four for five basis to eligible existing shareholders at a price of 0.2 cents per share.

In June, Newera announced it had completed a survey at its Ulaan Tolgoi project in the South Gobi basin of southern Mongolia and found prospective coal deposits.

Newera remained unchanged at 0.2 cents at the time of writing.

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