New World raises cash for Arizona copper project

Australia-listed New World Resources has received firm commitments to raise about A$20.4-million to advance its Antler copper project, in Arizona, US, towards development and production. The placement was completed at A$0.36 a share, an 18.2% discount to the company’s last closing price on the ASX and a 17.5% discount to the 15-trading day volume-weighted average trading price.