Mallee urges uptake of share placement

Junior nickel developer Mallee Resources has prompted existing shareholders and investors to partaking it its capital raise, which will close on August 19. The company was hoping to raise between A$20-million and A$70-million through a share issue, priced at 70c a share, to fund the restart of its recently acquired Avebury nickel project, in Tasmania, and to enable a return to share trading on the ASX.