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Group 6 Metals raises cash to start Dolphin

Tungsten developer Group 6 Metals will raise a A$30-million in a share placement and share purchase plan (SPP) to progress the construction and commissioning of the Dolphin tungsten project, in Tasmania. The ASX-listed company on Monday said it had received binding commitments from professional, sophisticated and institutional investors for the placement of 156.9-million shares, priced at 14c each, to raise A$21.9-million under the company’s existing placement capacity.
Bold Head Western Australia Keith Mcknight Johann Jacobs Chris Ellis

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