Alphamin raises C$56m to develop DRC tin project

Tin miner Alphamin Resources has raised C$56-million, or about $44.3-million, through the issue of nearly 175-million shares at C$0.32 a share to continue the development of the Bisie tin project, in North Kivu, in the Democratic Republic of Congo. The offering included the private placement of 89.14-million shares to raise C$28.5-million, as well as a nonbrokered private placement of 85.86-million shares to raise C$27.5-million.