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Red River to raise up to $6.9m for exploration
31-May-07
Written by Edited announcement

West Perth-based Red River Resources will aim to raise up to $6.9 million before costs through a non-renounceable rights and options issue, to fund further exploration of its mid west iron ore and Tasmanian projects.

The company will offer one new share for every two shares currently held, along with one free attaching option to raise around $4.6 million before costs, with profits rising to $6.9 million should all existing share options be exercised before the record date.

 

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