PERTH (miningweekly.com) – Junior Catalyst Metals will raise A$13.02-million through a share placement to a subsidiary of Hancock Prospecting.
The Hancock subsidiary, Gold Exploration Victoria (GEV), have subscribed for some 8.68-million shares in Catalyst, priced at A$1.50 a share. The shares were being issued under Catalyst’s existing capacity, and would not require shareholder approval.