RNI raises funds for copper-gold exploration

Junior miner RNI plans to raise some A$3-million in a share placement and entitlement offer to fund exploration activities at its copper and gold targets in the Bryah basin. RNI told shareholders on Friday that the company had received firm commitments from institutional and sophisticated investors for some 125-million shares, at a price of 1.2c each, to raise an initial A$1.5-million.