Visible Carnotite on sandy limestone from Newera’s Ben Hur prospect at Jailor Bore.
Newera raises $1m
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Thursday, 10 July, 2014 - 12:28
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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