$30M raising for mining project

MYANMAR Metals has launched a $A30 million equity raising in order to advance its 51%-owned Bawdwin project to a decision to mine by the second quarter of next year.

$30M raising for mining project $30M raising for mining project $30M raising for mining project $30M raising for mining project $30M raising for mining project
The raising, which will be conducted in two parts, has an issue price of 6.5c per share, a 7.1% discount to yesterday's close.
 
A single-tranche placement will raise up to $20.