05
Mar
09:06
Cobre secures $2.6m to advance Kalahari copper belt project
Australia-listed Cobre Limited said Monday it has completed an AUD 4 million ($2.6m) placement to accelerate the exploration of its projects within the Kalahari Copper Belt in Botswana.
The placement was supported by the company’s new and existing shareholders, including its largest shareholder, Strata Investment Holdings, which committed AUD 800,000.
For the two-tranche placement, Cobre issued 76.9m new fully paid ordinary shares at AUD 0.052 per share. Wh…
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