Perth-based miner Venture Minerals (ASX: VMS) has announced that it has raised $10 million before costs via share placement to fund works at the Riley iron ore operation near Mount Lindsay, Tasmania.
- Placement of 181,818,182 shares at $0.055 each to raise a total of $10,000,000
- Issued at 10.7% discount to weighted average price of 15 trading days prior to announcement
- Funds used for Riley iron ore wet screening plant + first shipment working capital
* Image courtesy of Venture Minerals Limited