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Redbank raises $1.2m to reduce debt

17-June-08 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.

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