09
Dec
02:00
Poseidon Nickel raises funds to restart Black Swan
Australian nickel exploration firm Poseidon Nickel plans to raise up to AUD 9 million ($6.11m) to progress the restart of its Black Swan project in Western Australia, Kallanish reports.
The firm has received commitments to place 171.5 million new shares at AUD 3.5 cents per share to raise AUD 6m. It has also launched an AUD 3m share purchase plan (SPP) for existing shareholders.
The funds raised will be applied towards pre-production works at Black Swan nick…
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