COPPER/SILVER
Australia-listed MOD Resources has raised $18-million to “turbo charge” its growth plans in the Kalahari copper belt of Botswana, where a drilling programme is set to be expanded.
The exploration company on Tuesday announced that it had raised $12-million in an oversubscribed share placement by issuing 255 319 148 shares at $0.047 each to a number of institutional investors. A further $6.3-million was raised in a rights issue.
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