Heron completes first part of financing

Base metals developer Heron Resources has completed a A$141-million equity funding package, as part of its greater A$240-million funding to develop the Woodlawn zinc/copper project, in New South Wales. The company on Thursday said that the equity funding included a A$104-million cornerstone investor placement to Greenstone Resources and co-investor Orion Mine Finance Group and Castlelake LP, as well as a A$32-million institutional placement.