Brief: Cobre Ltd Announces A$5 Million Placement
Dec 19 (Reuters) - Cobre Ltd CBE.AX :
* A$5 MILLION PLACEMENT TO ACCELERATE EXPLORATION IN
KALAHARI
COPPER BELT
* METAL TIGER PL, CO'S LARGEST SHAREHOLDER, SUBSCRIBED FOR
ITS PRO
RATA OF A$1 MILLION UNDER PLACEMENT
* PLACEMENT AT AN ISSUE PRICE OF A$0.15 PER NEW SHARE
* ALSO INTENDS TO LAUNCH A SHARE PURCHASE PLAN TO RAISE UP
TO AN
ADDITIONAL A$1 MILLION
Source text for Eikon: ID:nASX8gGy1S
Further company coverage: CBE.AX
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Cobre
See all newsAustralia's Cobre gains on securing copper feed, launching recovery programme at Chile project
Brief: Cobre Signs Agreement With Enami
Brief: Cobre Ltd Appoints Philip Mitchell As Chairman To Drive Growth
Australia's Cobre climbs on move to cement control of Chilean project
Brief: Cobre Acquires Control Of Chile Copper Mine For $12M