Rex Minerals Limited raising A$50 million to fund pre-development activities at Hillside Copper Project
Rex Minerals raising A$50 million to fund pre-development activities at Hillside Copper Project The company plans to spend proceeds from the placement primarily on Hillside pre-development activities such as building a project delivery team and appointing key contractors for the project. A total of US$410 million of capex is required for stage 1 of Hillside Copper Project. Rex Minerals Limited (ASX:RXM) is planning to launch a two-tranche placement of shares to raise around A$50 million for funding pre-development activities at its Hillside Copper Project in South Australia. The p...
Source: proactiveinvestors.com.au