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Redbank raises $1.2m to reduce debt
17-June-08 Written by Edited announcement Perth-based small scale copper miner Redbank Mines Ltd plans to reduce its debt facility with Macquarie after raising $1.2 million from the issue of 24 million shares at 5 cents each. The company said proceeds from the offer will be used to reduce the "Macquarie Refinancing Facility" and boost working capital. Additionally the company restarted copper production last month at its operation in the Northern Territory, after suspending the operation due to the wet season. Article continues... Welcome to the new WA Business News website. We invite you to explore our new site, with its added features and tools. The search capabilities of archives has been upgraded and expanded, includes 17,546 Western Australian business articles totalling 6,497,223 words. Subscribers to the WA Business News are able to access articles as part of their subscription. If you are not a subscriber you can subscribe online now or you can purchase credits to view the articles. Alternatively you can also request an 8 week free trial of our paper (Note: the 8 week trial does not include website access). If you are a subscriber or have previously registered with the website and don't know your login details please contact us on +61 8 9288 2100. If you are unsure of your login password please complete the forgot password form Kind regards Harry Kleyn - Publisher |
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