In financing news, ASX-listed MRL Corp. said it has received firm commitments for an Australian dollar (A$) $4m ($2.92m*) capital raising to fund the development of mine shafts at its graphite tenements in Sri Lanka.
The raising will be conducted at a price of A$0.055/share and has been bid for by strategic investors, according the lead fund manager, Far East Capital.
http://www.indmin.com/Article/3497918/IM-Graphite-News-in-Brief-915-October.html
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Word is getting around.............................
Kind Regards
News; News; News is coming, page-22
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