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Mustang secures A$19.95m from US investor for Mozambique mines

By:  
Creamer Media Contributing Editor Online
 
GEMSTONES/GRAPHITE
ASX-listed Mustang Resources has secured A$19.95-million in funding from US institutional investor Arena Investors and announced a rights issue to further advance its projects in Mozambique. Arena has agreed to invest the funding through an unsecured convertible note facility, to be drawn down in seven separate tranches, each with an 18-month term.
 
 
 
 
 

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