Agrimin raises A$13.2m for Mackay project

Sulphate of potash (SOP) project developer Agrimin will raise some A$13.2-million through a share placement and nonrenounceable entitlement offer to advance its Mackay project, in Western Australia. The ASX-listed junior on Tuesday announced that it will raise an initial A$7-million through a share placement, with some 16.66-million shares to be issued at a price of 42c each, to institutional and sophisticated investors.