RNC raises funding to support WA nickel ramp up

TSX-listed RNC Minerals has restructured a loan and raised additional funds to support the nickel ramp up at its Western Australia-based Beta Hunt mine, where it aims to double production to four-million pounds next year. The company announced this week that it had restructured its financing package with Auramet International to fund the repayment of all obligations under a senior secured gold loan. RNC has also raised an additional $4.5-million in capital from Pala Investments and other key stakeholders.